BoA (BAC) plans to raise its stake in China Construction Bank Corp. to 19.1% from 10.75%. The...

|By:, SA News Editor

BoA (BAC) plans to raise its stake in China Construction Bank Corp. to 19.1% from 10.75%. The announcement ends speculation that BoA might sell part of its stake to raise a $10B cushion against the financial crisis. Shares -5.7%.