ZURICH/LONDON (Reuters) - Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion for the sub-scale business.
Bank of America is the world's largest wealth manager, but its non-U.S. arm, which two of the sources said manages some $90 billion for rich clients, is not large enough to generate enough money for the bank.
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