Wachovia to Buy Third-Party Securities Lender MetWest

Walker, Susanne
October 2003
Bond Buyer;10/23/2003, Vol. 346 Issue 31746, p28
Trade Publication
Reports on the agreement of Wachovia Corp. to acquire Metropolitan West Securities LLC in Los Angeles, California. Specialization in third-party agent securities lending and short-term fixed-income asset management; Creation of agreement with clients to lend securities to broker dealers; Generation of fees for the use fo securities to reinvest the collateral.


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