Bank of New York Mellon Corp. (BK) is considering a sale of its corporate trust arm and has hired Goldman Sachs Group Inc. (GS) to assist in the effort, Bloomberg News reported Wednesday on its website, citing people with knowledge of the matter.

The bank is expected to begin soliciting bids in about a month. A sale could bring as much as $2.5 billion, one person told Bloomberg.

Spokesmen for BNY Mellon and Goldman Sachs declined comment to Bloomberg.

Full story at: www.bloomberg.com/news/2014-04-23/bank-of-new-york-mellon-said-to-weigh-corporate-trust-arm-sale.html

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