On Tuesday, Reuters reported that Bank of America Corporation (NYSE:BAC) is again preparing to divest its international units in a bid to further streamline its operations and focus on its core businesses. This time, BofA intends to sell its international wealth management units in anticipation of receiving about $3 billion.
The units on sale, which were mostly obtained by BofA from its Merrill Lynch acquisition in 2009, comprise nearly $90 billion worth of assets under management. However, this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards