BoNY to Bolster Trustee Business in Asset Swap

Meyers, Maxwell
April 2006
Bond Buyer;4/11/2006, Vol. 356 Issue 32358, p1
Trade Publication
The article reports that the Bank of New York Co. Inc. has traded its retail branches for JPMorgan Chase & Co.'s global corporate trust business. The deal was intended to strengthen the bank's standing in the municipal trustee rankings. According to bank president Gerald L. Hassell, the growing market for collateralized debt obligations would be a firm arena for the trust operation.


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