Exclusive: Bank of America puts non-US wealth unit up for sale

ZURICH/LONDON (Reuters) - Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to fetch up to $3 billion for the sub-scale business.

Bank of America is the world's largest wealth manager, but its non-U.S. arm - which two of the sources said manages some $90 billion of assets for rich clients - is not large enough to generate enough money for the bank.

Bank of America declined to comment.

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