Bank of America says U.S. Trust clients staying on

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By Jonathan Stempel
02 July 2007 @ 07:48 am ET

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San Francisco-based Schwab had bought U.S. Trust for $2.9 billion in May 2000, just after the end of an equities bull market. The sale will boost its focus on providing low-cost services for customers who do their own trading. Charles Schwab has said he planned to remain a U.S. Trust client.

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