Monday 29 August 2011

BofA’s CCB Stake Nets $3.3 Billion Gain, Bolstering Capital

Aug. 30 (Bloomberg) -- Bank of America Corp. agreed to sell about half its stake in China Construction Bank Corp. for a $3.3 billion gain as the biggest U.S. lender bolsters capital ahead of new international standards. A group of investors will buy 13.1 billion shares this quarter in a private ...


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