Bank of America to sell assets?
While most would agree that Citigroup needs to continue selling assets, it's a little less clear whether Bank of America is in the same straits. It's capital position doesn't appear to be as bad, but we may see some activity. Bank of America has already sold part of its China Construction Bank shares in January for $2.83 billion, and has said it plans to sell more when a lock-up period expires in August 2010, reports Reuters. One question: Will it move to sell the BlackRock stake it inherited from Merrill Lynch? Article
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