Fleet Financial Group said it is considering a spinoff of its on-line brokerage unit Suretrade in a deal that could raise up to $600 million.

A Fleet spokesman said the bank may make a total or partial initial public offering or pursue joint ventures.

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.