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Banking on Equities

Traders Magazine, March 2000

Peter Chapman

First Union Corporation, which has $253 million in assets, 70,000 employees, and runs First Union National Bank, aims to make half its revenues from the securities business.

Based on the financial results for the first nine months of last year, it is moving closer to that goal. First Union Securities accounted for about $4 billion of the corporation's $10 billion in total revenues.

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