Smith Barney's bid to become a major player in the lucrative world of bank merger advisory work got a big boost this week via a pair of credit card deals.

The investment banking unit of Travelers Group advised Chase Manhattan Corp., which announced Tuesday it would acquire most of Bank of New York Co.'s $4.2 billion credit card portfolio. And the firm won the plum assignment of finding a buyer for AT&T Corp.'s $14.2 billion credit card business.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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