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Article: Banc of America Securities Announces Support of Covered Bond Market
- Article from:
- U.S. Newswire
- Article date:
- July 28, 2008
CopyrightCopyright 2008 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: NATIONAL EDITORS
Contact: Louise Hennessy, Bank of America, +1-646-855-1403,
louise.hennessy@bankofamerica.com
NEW YORK, July 28 /PRNewswire/ -- Banc of America Securities LLC,
the broker-dealer and wholly owned subsidiary of Bank of America
Corporation, today announced its support for the development of a
covered bond market in the United States.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-
b)
The support follows the framework outlined in the Federal Deposit
Insurance Corporation's (FDIC) July 15 covered bond policy statement
* and the Best Practices for Residential Covered Bonds* statement
introduced today by the U.S. Treasury Department, with the support
of the ...