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Bank of America- Merrill Lynch puts non-US wealth management business on the block

In an effort to raise an estimated US$3 billion in cash, Bank of America Merrill Lynch (BofA) is allegedly looking to sell it non-US wealth management units. According to a report by Reuters and Scorpio Partnership, Bank of America’s wealth management arm is the largest in the world with a total of over US$1.9 trillion assets under management but its…

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