A New Solution For an Old Problem

Santini, Laura
January 2004
Investment Dealers' Digest;1/19/2004, Vol. 70 Issue 3, p52
Trade Publication
Reports on Bank of New York Co.'s (BoNY) acquisition of Pershing LLC, the money-spinning clearing unit of Credit Suisse First Boston (CSFB). Dominance of BoNY among clearing agencies in the United States in terms of number of clients following the acquisition; Benefits of the acquisition deal to CSFB; CSFB and Merrill Lynch & Co.'s use of an equity forward contract in the deal.


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