Bank of America puts Countrywide insurance unit on the market

07/19/2010 | Bloomberg Businessweek

Brian T. Moynihan, chief executive officer at Bank of America, said the company recently put an insurance division it acquired along with Countrywide Financial up for sale. "One of the reasons we're getting rid of these noncore activities is a restructuring that not only has a value of capital, but also has a value of a more straightforward company," Moynihan said.

View Full Article in:

Bloomberg Businessweek

Published in Brief: