NEW YORK – Bank of America Corp. during the fourth quarter plans to sell $1.1 billion of credit card loans inherited from FleetBoston, the bank disclosed in a regulatory filing Tuesday.
Charlotte, North Carolina-based BofA, the third-largets U.S. bank, said the loans were designated “held-for-sale” at the end of September, according to a third-quarter earnings report to the Securities and Exchange Commission.
For this complete story, please visit Bank of America to Sell $1.1 bln in Fleet Credit Card Loans.
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