BofA searches for assets to sell

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Bank of America plans to identify tens of billions of dollars in assets and businesses that it wants to sell or wind down, in the latest effort to ease investors’ concerns about its holdings of risky securities and loans…

…Although the plans have not been made public, analysts said that the non-core assets could exceed $100bn, and include both complex structured-credit products and impaired loans that came with its 2008 acquisition of Countrywide Financial, the mortgage lender.

 

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