Financial Times FT.com

BofA may scrap prime brokerage unit sale

By Francesco Guerrera, Deborah Brewster and Ben White in New York

Published: March 30 2008 22:09 | Last updated: March 30 2008 22:09

Bank of America is considering scrapping the sale of its equities prime brokerage business, after receiving only lukewarm interest from potential bidders including Barclays Capital of the UK and France’s BNP Paribas.

People close to the situation stressed that no final decision on the prime brokerage unit, which has been up for sale for more than three months, had been made.

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