Bank of America sells last of China Construction Bank stake for $1.47 billion

  • by: KELVIN CHAN , Associated Press
  • Updated: September 4, 2013 - 5:45 AM

HONG KONG — Bank of America sold a $1.47 billion stake in China Construction Bank on Wednesday, the latest foreign institution to shed its investment in a Chinese lender after initial optimism about the potentially lucrative market wore off.

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