Delaware Firm Prepares Bid for Bank Funds
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Thursday, September 06, 2001

Delaware Firm Prepares Bid for Bank Funds

Wilmington Trust is in talks to purchase the fund group of HSBC USA. Word of the talks was reported today by The American Banker. The article is based on source at both Wilmington's investment advisory division and HSBC.

The deal for HSBC Funds is expected to be completed sometime before the end of the week, Rusty Giles, a vice president at Wilmington is quoted as telling American Banker.

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