Dec. 10 (Bloomberg) -- Bank of America Corp. has frozen its Columbia Strategic Cash Portfolio fund, which is marketed to institutional investors and has about $12 billion in assets, financial news network CNBC reported, citing unidentified people in money management.
Bank of America sent a letter saying that the company will no longer take subscriptions or redemptions as a ``direct result'' of the subprime-mortgage credit crisis, CNBC reported, citing the people.
Monday, December 10, 2007
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