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AP - Bank of America Corp. is selling part of its stake in China Construction Bank Ltd., China's second-largest state-owned lender, in a deal that could be worth up to $3 billion as the U.S. institution raises money to cope with trouble at home.
Reuters - Top U.S. lender Bank of America , raising cash to weather a dismal market at home, sold a $2.83 billion chunk of its holding in China Construction Bank (0939.HK) on Wednesday, dragging the Chinese bank's stock 6 percent lower.
Reuters - The U.S. government is beefing up a task force to fight mortgage crimes and safeguard federal financial bailouts, the U.S. Justice Department said on Tuesday.