U.S. Bank, National City Combo To Stiffen Midwest Competition

Walker, Susanne
May 2004
Bond Buyer;5/26/2004, Vol. 348 Issue 31892, p1
Trade Publication
Points out that U.S. Bank's move to acquire the corporate trust bond business of Cleveland, Ohio-based National City Corp. heightens the competition among large players for clients in the Midwest and highlights the growing importance of economics of scale in the corporate trust industry. Demonstration of the long-held belief that larger players are most successful in this business, which is characterized by relatively low margins.


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