The Charlotte Observer Profiles Bank of America'​s Columbia Management Cash Business in a story entitled "Deal gives a boost to BofA'​s cash investments". The piece says the U.​S. Trust'​s Excelsior money funds will be integrated into Columbia'​s fund lineup, and that these account for $​8 billion in cash assets. "Columbia'​s cash investments unit has about 37 employees, most of whom are in Charlotte. The unit made 60,​000 trades last year worth $​8.​5 trillion," wrote The Observer, citing Randall Royther, chief investment officer of the cash investments business. (Bank of America invited reporters to Charlotte last week for a "​media day" to see Columbia'​s cash management operations.)

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