BNY Clearing Services, a subsidiary of Bank of New York, will acquire...

BNY Clearing Services, a subsidiary of Bank of New York, will acquire the correspondent clearing business unit of Weiss, Peck & Greer, subject to regulatory approval. Terms were not disclosed. The Weiss, Peck unit services about 70 correspondent clients that will transfer to BNY, along with the relationship management employees servicing the unit.