NationsBank Corp. is moving part of its junk bond unit from Charlotte to New York as part of the reorganization related to its merger with BankAmerica Corp., which closes today.

Thomas G. White, senior managing director, who will head junk bond origination for the merged bank, will relocate, along with 10 to 14 other professionals. Though NationsBank is among the highest-ranked commercial banks in the junk bond business, executives hope to expand their role in the market.

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