Bank of New York Buys Jaywalk
RESEARCH AND COMMENTARY
NEW YORK--The Bank of New York last week acquired Jaywalk, an aggregator of independent research.
The deal will enable the bank to offer its clients objective investment analysis. The terms of the deal were not disclosed.
John Meserve, president of the Bank of New York's Research, Commission and Payment Services, says, "From the buy-side perspective there has been a fervor for new independent ideas. People have been asking us for independent research from the sell side. Jaywalk provides this and
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