TITLE

Wachovia to Buy Third-Party Securities Lender MetWest

AUTHOR(S)
Walker, Susanne
PUB. DATE
October 2003
SOURCE
Bond Buyer;10/23/2003, Vol. 346 Issue 31746, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
11179854

 

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