TITLE

A New Solution For an Old Problem

AUTHOR(S)
Santini, Laura
PUB. DATE
January 2004
SOURCE
Investment Dealers' Digest;1/19/2004, Vol. 70 Issue 3, p52
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
11992409

 

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