Bedfellows: Fidelity and Salomon Brothers

Article Abstract:

Fidelity and Salomon Brothers have formed a three-year strategic alliance, in which Fidelity's retail brokerage will have direct access to 10% of each Salomon equity underwriting. Fidelity will woo mutual-funds customers into brokerage accounts, and Salomon will gain a distribution channel.

Investment Offices, Mutual Fund Mgmt Companies, Portfolio Management, Contracts, Investment companies, Mutual funds, Fidelity Investments, Salomon Brothers Inc.

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A fallen star

Article Abstract:

Barings Brothers merchant bank collapsed after one trader in Singapore, Nick Leeson, purchased $1 billion in derivatives futures and options contracts. These contracts were unhedged in an effort to make large profits. Management gaps that allowed the activities to occur are examined.

Management, Cover Story, Barings PLC

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A problem in Paris: investment banking

Article Abstract:

French investment banker's face increasing competition from abroad in addition to a declining economy. Strategies for overcoming their problems, which include acquiring small companies and finding a wealthy parent, hold little promise.

France

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