BoNY Keeping Most JPMorgan Employees After Consolidation

Meyers, Maxwell
May 2006
Bond Buyer;5/25/2006, Vol. 356 Issue 32389, p7
Trade Publication
The article reports on the plan of the Bank of New York Co. Inc. (BoNY) to retain nearly all of JPMorgan Chase & Co.'s (JMC) corporate trust division personnel after their consolidation. Senior vice president Karen B. Peetz has been charged of integrating the two platforms following an asset swap in which BoNY will acquire the corporate trust business of JMC. The 3.1 billion-dollar deal is expected to close in the third quarter of 2006.


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