= Subscriber content; or subscribe now to access all American Banker content.

NationsBank, 1st Union to scrap controversial incentives for selling in-house mutual funds.

NOV 30, 1994 2:00am ET

NationsBank Corp. and First Union Corp. are abandoning a controversial practice of paying their brokers more for selling the banks, own mutual funds than for selling funds from other companies.

To continue, please or subscribe
FREE 14-DAY
TRIAL
  • Full access to banking's most comprehensive daily report
  • Daily, weekly, and topic-based newsletters and alerts
  • Award-winning analysis and insight, focused on bankers' key concerns
No credit card needed
SUBSCRIBE
NOW
All subscription content plus:
  • Bimonthly industry research reports (including archive)
  • Morning Scan Plus e‑newsletter
  • Full access to 2016: The Candidates, the Issues
Have an account?
SIGN IN HERE
Remember me