Personal Finance Advice and Commentary

Monday, September 05, 2011 9:30 am
By Marcie Geffner · Bankrate.com

Bank of America has agreed to sell 13 billion shares of China Construction Bank, or CCB, to a group of investors in a private transaction, generating $8.3 billion in cash proceeds and an after-tax gain of $3.3 billion. The sale, subject to customary conditions, is expected to close in the third quarter of 2011, the