NEW YORK - Bank of America the nations largest lender by assets rose nearly 2% as the bank announced that its home loan and insurance division will be split into two. The good bank will be continued to be led by its former boss Barbara Desoer and the new bank will be led by Terry Laughlin. Other premiere banks such as U.S. Bancorp and PNC Financial are rallying on the news. As investors are moving their assets into better quality institutions and banks in general.
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