Three weeks after buying CoreStates Financial Corp., First Union Corp. laid out a blueprint for institutional investment management that keeps much of CoreStates intact.

The combined business will be run out of First Union's Charlotte, N.C., headquarters. But many CoreStates portfolio managers remain in Philadelphia running accounts.

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.