Bank of America (BAC) is exiting the international credit card business, selling its $8.6B...

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

Bank of America (BAC) is exiting the international credit card business, selling its $8.6B Canadian portfolio to TD Bank (TD) and planning sales of its U.K. and Irish holdings. A cynic might attribute the move to a troubled lender unloading assets on the cheap to raise liquidity. Nevertheless, shares +3.3% premarket.