BofA (BAC) May Unload Overseas Wealth Management Unit for $1.5B to $2B - CNBC

June 18, 2012 11:28 AM EDT
Bank of America (NYSE: BAC) shares are flat amid news that it might be in advanced talks with Julius Baer Group to divest its overseas wealth unit.

No official details were released, but CNBC's Kate Kelly was told the unit might go for a price of $1.5 billion to $2 billion.

BofA shares are 0.6 percent lower Monday.

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