JBARF Julius Baer Gruppe AG (PK)

(Updates with Bank of America and Julius Baer declining comment to CNBC)

Bank of America Corp. (BAC) is likely to sell its overseas wealth management unit to privately held Swiss concern Julius Baer Group AG (JBAXY) for between $1.5 billion and $2 billion, CNBC's Kate Kelly reported Monday, citing a person familiar with the matter.

The two companies are in advanced talks and a deal could come within as soon as a week.

Spokesmen for Bank of America and Julius Baer declined comment to CNBC.

Full story at: www.cnbc.com/id/47861131

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