Is Bank One Selling Trust?

Walker, Susanne
April 2003
Bond Buyer;4/28/2003, Vol. 344 Issue 31623, p1
Trade Publication
Bank One Corp.'s reported plans to sell its corporate trust unit through Goldman, Sachs & Co. Chicago-based Bank One, which is ranked seventh in terms of dollar volume among municipal corporate trustees by Thomson Financial, served on$ 1.84 billion in volume via 48 deals in the first three months of this year.The dominant players in the corporate trust arena are becoming even more dominant due to the slow growth rate in the industry. The corporate trust business is not a core or mainstream business for Bank One but is complementary to its other businesses.


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