FMD - The Key Point

Jack Kopnisky, First Marblehead chief executive, said on Monday that he had spoken with Bank of America and JPMorgan Chase, and both had told him they intended to run their student lending businesses separately from Sallie Mae.

Link here:

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20070416:MTFH28662_2007-04-16_15-48-58_N16162068&type=comktNews&rpc=44