Bank of America Sells China Bank Stake, Raising $8 Billion

Aug 29, 2011
J. Webster
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So it finally happened. It’s been talked about now for quite a while. Bank of America sold half its stake in China Construction Bank and raised $8 billion in doing so. Now, with Buffett’s $5 billion infusion, in just a week or so, BofA has raised $13 billion. That wasn’t too hard.

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