BofA looks to sell non-U.S. private wealth management

04/17/2012 | Reuters

Bank of America Merrill Lynch reportedly is seeking a buyer for its private wealth management banking operations outside the U.S. and is hoping to make about $3 billion on a sale. Although BofA manages about $90 billion for wealthy clients through the non-U.S. operations, sources said the bank isn't earning enough money from them.

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