Wednesday, January 13, 2010

BofA Profits from CRE

BofA's Secret of Success: Real-Estate Banking - WSJ.com

Who knew? Certainly not the longsuffering shareholders who saw both their asset values and dividends evaporate last year.

Bank of America is a lead lender on $43 billion in outstanding credit facilities to 53 different real-estate investment trusts, or REITs, more than any other bank, according to SNL Financial Inc.

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