Royal Bank of Canada (RY) and Credit Suisse (CS) are said to be among the suitors who have made...

|About: Royal Bank of Canada (RY)|By:, SA News Editor

Royal Bank of Canada (RY) and Credit Suisse (CS) are said to be among the suitors who have made initial bids to buy BofA's (BAC) non-U.S. wealth management business. The unit, which could bring in ~$2B in a sale, is being auctioned off because BofA reportedly considers it too small to produce meaningful profits.