The Bank of Boston Corporation said it plans to sell its $590 million credit card portfolio and had hired an investment banker to assist in the sale.
His father retired as the chairman and chief executive of the Bank of Boston Corporation.
A1 Many Latin loans are worthless, the Bank of Boston Corporation acknowledged.
The Bank of Boston Corporation gained 1 3/8, to 18 1/8.
The Bank of Boston Corporation yesterday reported its first quarterly profit in more than a year.
Named in the suits are the company's officers, some directors and, in one case, the First Boston Corporation, Harcourt's investment banker.
In 1990 that firm merged with the First Boston Corporation and Mr. Voute became vice chairman.
The agreement is similar to one that the Bank of Boston Corporation announced Monday.
United has retained the the First Boston Corporation as a financial adviser.
Soon after Treasury's July 2 announcement, the Bank of Boston Corporation called $100 million of 14 1/8 percent notes due in 1989.