US bancorp spins off Piper

Grants | Legacy Digitization | Topics | Business & Industry |
February 20, 2003
Bill Catlin - Reporter
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Minneapolis based U-S Bancorp plans to spin off its Piper Jaffray brokerage as a separate company by this fall. US Bank paid 730 (m) million dollars to acquire the locally based brokerage five years ago. Piper has been hit by a series of fines by regulators over the past year. But analysts point to other factors for the spin-off. Minnesota Public Radio's Bill Catlin reports.

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