The Kuwait Investment Authority sold a $3.1 billion stake in Bank of America (BAC) in an overnight block trade, Bloomberg reported Tuesday, citing people familiar with the matter.
Bank of America did not immediately reply to a request for comment from MT Newswires.
(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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