BofA Looking to Sell Its Non-Core Assets

Bank of America (BAC) plans to identify tens of billions of dollars in assets and businesses that it wants to sell or wind down, in the latest effort to ease investors’ concerns about its holdings of risky securities and loans. The move could set the stage for more aggressive steps to shrink the bank’s $2,300 billion-plus balance sheet at a time when regulators and shareholders are putting pressure on lenders to slim down. – FT