Chrysler signed a deal to acquire a B of A unit.
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Chrysler Financial and BankAmerica reached final agreement on the previously reported sale of B of A’s FinanceAmerica subsidiary. The bank will realize a $216-million pretax gain on the $405-million transaction. FinanceAmerica, headquartered in Allentown, Pa., engages in direct consumer lending, corporate financing and loans to small businesses.
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