BofA completes acquisition of U.S. Trust
Bank of America Corp. said it has completed its $3.3 billion purchase of U.S. Trust Corp. from Charles Schwab Corp.
Bank of America Corp. said it has completed its $3.3 billion purchase of U.S. Trust Corp. from Charles Schwab Corp.
The new entity was renamed U.S. Trust Bank of America Private Wealth Management. (InvestmentNews, June 18)
It consists of New York-based U.S. Trust's wealth-management business a
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