Banks waive coupon-redemption fees following pressure from Rhode Island

Kaplan, David
January 1998
Bond Buyer;01/14/98, Vol. 323 Issue 30310, p2
Trade Publication
Reports on the agreement of Fleet National Bank and BancBoston Securities to waive coupon-redemption fees imposed on bondholders on Rhode Island after the state threatened to take its business elsewhere. Response to complaints from bondholders about fees charged for each coupon redeemed at Fleet or BancBoston; Arguments made by the banks in charging coupon-redemption fees.


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