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, without citing sources.

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

Web site: www.cnbc.com

Write to nymonitoring@dowjones.com

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