BofA's wealth business wilts but Thiel retains support

April 15, 2015 5:59 PM

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NEW YORK, April 15 (Reuters) - Bank of America said on Wednesday that first-quarter profit and revenue fell in its Global Wealth and Investment Management division from a year earlier on lower commission income and higher expenses.

The unit, which includes the Merrill Lynch brokerage and U.S. Trust private banking business, was also hurt by falling interest rates, the company said.

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