Moving to expand its capital markets business, BankAmerica Corp. announced Thursday a strategic alliance with D.E. Shaw & Co., a boutique investment bank known for its technological prowess.

The deal will give BankAmerica's corporate clients access to D.E. Shaw's equity-related products while providing D.E. Shaw with access to BankAmerica's share of the corporate finance market.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.