BOFA solicits bids on overseas wealth-management arm

04/17/2012 | New York Times (tiered subscription model), The

Bank of America is looking to sell its foreign wealth-management business, according to reports. The company oversees $2 trillion in customer assets, including $90 billion overseas. The division, which targets customers with at least $1 million in net worth, has failed to generate significant returns, a source says.

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New York Times (tiered subscription model), The

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