Exclusive: Bank of America puts non-U.S. wealth arm up for sale

Comments (4)
Harry079 wrote:

“but its non-U.S. arm – which two of the sources said manages some $90 billion of assets for rich clients – is not large enough to generate enough money for the bank.”

So now Bank of America will now only be Countrywide?

How much money is the Countrywide Arm generating for the bank?

Apr 17, 2012 12:59pm EDT  --  Report as abuse
Harry079 wrote:

By REUTERS
Published: February 27, 2012

“In a victory for Bank of America, a federal appeals court ruled that a proposed $8.5 billion settlement with investors in mortgage-backed securities should be reviewed in New York state court.”

Apr 17, 2012 1:14pm EDT  --  Report as abuse

Sounds like we’re getting into Madoff country here, eh?

Apr 17, 2012 2:00pm EDT  --  Report as abuse
flandreville wrote:

Well, I guess it’s in the name also… “Bank of AMERICA”… Just continues what was started last year, they sold off thier Canadian operations as well.

Apr 18, 2012 7:16am EDT  --  Report as abuse
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