CCB

BofA will stay long-term investor of CCB

May 14, 2009 - 4:47am | Banks and internet banks | News
BofA will stay long-term investor of CCB

According to CCB Bank of America will keep its remaining share in capital of CCB, China's second-largest bank. And the sale by bank of America of $7.3 billion in CCB shares earlier doesn’t mean that these two banks will alter their long-term strategic relationship.

A CCB spokesman said that Bank of America sale of CCB shares is viewed by Chinese bank as BofA moved to support its capital.


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