BNY Mellon Said To Drop Plans To Sell Alcentra

13 Sep 2011

BNY Mellon is said to have decided against putting up its Alcentra unit for sale.

BNY Mellon is said to have decided against putting up its Alcentra unit for sale. Sources said the bank had retained Credit Suisse to handle the sale of Alcentra, which manages USD17 billion in loans and high-yield bonds, mostly U.S. and European collateralized loan obligations.

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