BofA mulls more asset sales to boost capital

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(Reuters) – Bank of America Corp is lagging behind its major U.S. competitors in complying with new capital rules, leading the bank to consider even more asset sales, sources said.

The bank’s management is focused on not being an outlier compared to its peers and believes it has “viable alternatives” to increase its capital levels, a person familiar with the situation told Reuters.

The bank, for example, could consider selling its Indian back-office processing operation, as other banks have, sources said. The bank has also said it is looking to shed real estate holdings and private-equity investments.

Full story: BofA mulls more asset sales to boost capital | Reuters.