Buoyed by strong stock and bond markets, trust assets managed by the top 100 banks in the field surged by nearly 25% last year, according to an American Banker survey.
The survey also found a big shift in the ranking of the top players in 1995, with Wells Fargo & Co. supplanting Bankers Trust New York Corp. in the No. 1 spot. Also pulling ahead of Bankers Trust was State Street Boston Corp., which moved up to No. 2 from No. 3.