Chief Financial Officer Bruce Thompson said the bank would add $2.9 billion to its capital base with $1.8 billion realized with the sale of 10.4 billion shares of China Construction common stock and the realization of deferred tax assets, the Los Angeles Times reported Monday.
BofA already sold $3.6 billion worth of China Construction shares in the third quarter. BofA, after a long run of acquisitions, is now trying to recreate itself as a smaller bank.
Already this year, BofA gave up its position as the country's largest bank to JPMorgan Chase & Co.
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