Bank of America (BAC) has agreed to buy about 100 million euros ($118 million) of real estate loans from Banco Santander (SAN), Bloomberg reported Thursday, citing people familiar with the matter.

The deal follows an agreement earlier this year under which Bank of America agreed to buy a portfolio of hotel loans from Santander, the report said.

Santander also recently offloaded soured loans to Morgan Stanley (MS) and Goldman Sachs (GS), according to the report.

Bank of America and Banco Santander did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources, but may include rumor and speculation. Accuracy is not guaranteed.)

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