Skip navigation
Due Diligence

BofA Selling Non-US Wealth Management?

According to reports on Reuters and Fox Business News, Bank of America is planning to sell its non-U.S. wealth management businesses to raise capital. The bank is reportedly hoping to snag $3 billion for the units, which manages $90 billion in assets for the wealthy.

Such a move would stand in great contrast to UBS, which is making big investments in its non-US wealth management divisions.

Bank of America was not immediately available for comment.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish