Mexico: Bank of America Ends Involvement with Santander

Bank of America has sold its share in Mexico’s Santander Bank, but that does not mean that they are changing their strategy for Latin America, Univision reports. The sale comes as part of Bank of America’s decision to concentrate on their business priorities. As part of this activity, Bank of America has sold nearly $9.5 billion worth of “non-strategic” activities, according to a company spokesman. The concentration will help the U.S. company to continue to reinforce their financial balance. Bank of America sold its share back to Santander for $2.5 million. Read Article