PHILADELPHIA - The Wharton School of the University of Pennsylvania said it has, been granted $3.36 million, by the Alfred P. Sloan Foundation for a major financial-services research program - the first such Sloan grant covering a service industry.

Described by Wharton as "the largest research initiative [on financial services] ever conducted by a university," the program is designed to bring together legal, economic, statistical, sociological, and financial industry expertise for a comprehensive look at financial institutions and their future.

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