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Tech Industry

Short Take: BankAmerica explores options

BankAmerica has hired Lazard Freres to explore options for its Robertson Stephens investment banking firm, including its possible sale. The plan, first reported by Bloomberg, comes in the wake of BofA's merger with NationsBank. Montgomery Securities, a rival of Robertson Stephens, is owned by NationsBank.

BankAmerica has hired Lazard Freres to explore options for its Robertson Stephens investment banking firm, including its possible sale. The plan, first reported by Bloomberg, comes in the wake of BofA's merger with NationsBank. Montgomery Securities, a rival of Robertson Stephens, is owned by NationsBank.