B of A Pulls Out Of New Trustee Biz

05 Feb 2010

Bank of America’s Global Securities Solutions’ trust and administration unit has ceased all new securitization business.

--Olivia Thetgyi

Bank of America’s Global Securities Solutions’ trust and administration unit has ceased all new securitization business. The decision was made after a review of the business, said Jefferson George, spokesman. “We talk to our clients on a regular basis and they talk about what products and services ...

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