Bank of America has jumped into the expanding business of providing long-dated municipal swaps, the bank announced yesterday,

The San Francisco-based bank has slowly grown its municipal finance effort since hiring Anthony Taddey, a banker with 20 years of experience, from Morgan Stanley & Co. in January 1993. In March of this year, the bank was named senior manager on California's upcoming note sale, which could be as large as $8 billion.

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