Bank of America (BAC) unloads 13.5B shares, or a nearly 6% stake, in China Construction Bank,...

|About: Bank of America Corpora... (BAC)|By:, SA News Editor

Bank of America (BAC) unloads 13.5B shares, or a nearly 6% stake, in China Construction Bank, giving it another $7.3B with which to weather the financial storm. Buyers include China Life Insurance Company (LFC). After the sale, BofA still owns about 11% of CCB's shares.