| 30.08.2011 - BofA sells China Bank stake to SWFs |
| Bank of America has sold about half of its 10% stake in China Construction Bank to a handful of sovereign-wealth funds and institutions in the US and Asia, totaling $8.3 billion before taxes. "Our partnership with China Construction Bank has been mutually beneficial," said Bank of America Chief Executive Officer Brian Moynihan in a statement..............................................Full Article: Source |