BoA Unloading CRE Assets

09 Mar 2011

Bank of America saw commercial real estate loans in its core portfolio fall 28% last year as it attempts to limit losses from assets it acquired with purchases of firms such as Countrywide Financial and Merrill Lynch.

Bank of America saw commercial real estate loans in its core portfolio fall 28% last year as it attempts to limit losses from assets it acquired with purchases of firms such as Countrywide Financial and Merrill Lynch. David Darnell, head of commercial banking, said at an investor presentation ...

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