Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: c.hinton who wrote (89012)	3/21/2001 3:31:07 PM
From: isopatch	Read Replies (1) of 95453

Major banks have always employed analysts to assist their trust depts in managing/administering vaious types of trust accounts and other types of institutional business. Those activities were never prohibited by Glass/Steagall. More recently there's been a greater need for the services provided by securities analysts as banking reform has loosened the restraints formerly imposed during the 1930s. Banks have either set up their own brokerage divisions or purchased existing brokerage companies. For example, I believe Waterhouse Securities is owned by a major Canadian Bank. Am far from an expert in this area. So I'll leave it there and hope that answer is helpful. Gotta run. Be back in a few hours. Regards Isopatch

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