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BofA unloads First Republic for $1 billion

Posted Oct 21st 2009 5:00PM by Tom Taulli (RSS feed)
Filed under: Bank of America (BAC)

There was no secret that Bank of America Corp. (NYSE: BAC) wanted to sell First Republic.

And so today the deal was announced: BofA got more than $1 billion from a consortium of private equity operators. They include General Atlantic LLC and Colony Capital.

Continue reading BofA unloads First Republic for $1 billion

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