logo
Share SHARE
FONT-SIZE Plus   Neg

First Marblehead Sells Legacy Trust Administration Business For $13.7 Mln

First Marblehead Corp. (FMD) announced the sale of First Marblehead Data Services Inc., its legacy trust administration business, to Route 66 Ventures, Inc., d/b/a Goal Structured Solutions, for $13.7 million in cash. The Company expects to record a gain of approximately $12.5 million in the quarter ending March 31, 2012 related to this transaction.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Even after two years of thoroughly searching across the Indian Ocean, using modern technologies and devices, there is no clue about the Malaysian airline that vanished on March 8, 2014. Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations. Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform.
comments powered by Disqus
Follow RTT