Bank of America looking at $30B gain on stake in Chinese bank

11/14/2007 | Financial Times (free content)

Bank of America, which paid $3 billion for an 8.5% stake in China Construction Bank two years ago, said Tuesday the stake may end up netting BofA more than $30 billion. Such a potential gain far outweighs the writedowns BofA has had to take as part of the subprime meltdown in the US.

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