Kuwait Wealth Fund Offloads $3.1 Billion Bank of America Stake

Kuwait Wealth Fund Offloads $3.1 Billion Bank of America Stake

The Kuwait Investment Authority sold a $3.1 billion stake in Bank of America Corp. in an overnight block trade, according to people familiar with the matter.

More Institutions Are Now Selling Off Their Stake in Bank of America

Kuwait Investment Authority sells a $3.1 billion stake in Bank of America, impacting stock prices significantly.

Bank of America loses crisis-era backer after Kuwait sells US$3 billion stake

First, it was Warren Buffett. Now, another key Bank of America (BOA) investor that stood by it since the worst days of the 2008 financial crisis is chopping down its stake.