7 B of A, Wachovia Employees Missing

CHARLOTTE, N.C. — Wachovia Corp. and Bank of America Corp. each apparently lost a handful of employees in last week’s World Trade Center attack.

Though five missing Bank of America employees turned up safe on Thursday and Friday, three remained unaccounted for as of Monday, according to a company spokesman. The company had more than 400 employees in the trade center, which housed parts of its equity trading and treasury management operations.

Four employees of Wachovia’s capital management unit also are on the list of missing and presumed dead. The unit, part of the former First Union Corp. that merged Sept. 1 with Wachovia, had 41 employees on the 47th floor of One World Trade Center, the north tower — David Boraks

Deutsche, Zurich Financial in Deal Talks

NEW YORK — Zurich Financial Services Group and Deutsche Bank AG have confirmed they are negotiating a possible deal.

In a statement from both companies released last Wednesday, just a day after terrorists attacked the World Trade Center, Deutsche Bank said it is interested in acquiring Zurich Scudder Investments and that Zurich Financial may buy Deutsche Bank’s Deutscher Herold and other insurance subsidiaries in continental Europe.

The two companies are trying to hammer out a distribution agreement for insurance, asset management, and banking to offer a full range of financial services to their customers, according to their statement.

Zurich and Deutsche said they will make no further comment until negotiations are concluded for New York-based Zurich Scudder, which manages $345.2 billion of assets. Analysts have put a pricetag on the unit of $2.5 billion to $3 billion. — Niamh Ring

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