Bank of America (NYSE:BAC) is negotiating the sale of its 49% stake in a private banking JV to its partner Mitsubishi UFJ (MTU) for somewhere in the area of $488M, reports the WSJ. For BofA, it's another move to focus international strategy away from wealth management, and towards corporate banking and trading.
Bank of America (NYSE:BAC) is negotiating the sale of its 49% stake in a private banking JV to...
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| Symbol | Last Price | % Chg |
|---|---|---|
| BAC | - | - |
| Bank of America Corporation | ||