Bank of America May Divest CCB Stake to Avoid Share Sale, Citigroup Says

Posted on June 6, 2011 by FinanceG

Bank of America May Divest CCB Stake to Avoid Share Sale, Citigroup Says
Bank of America Corp. (BAC) , facing an estimated $ 18 billion bill to resolve mortgage and foreclosure disputes, may cover the cost by liquidating its stake in China Construction Bank Corp., according to Citigroup Inc.
Read more on Bloomberg



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