Mellon Bank Corp. said Friday it has hired Goldman Sachs & Co. to help sell its corporate trust business, which administers $70 billion in outstanding debt.

Analysts estimated the operation, which provides trustee and other services for corporate, municipal, state, and institutional bond issues, could sell for between $60 million and $70 million.

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.