HSBC, Merrill plan German Web venture

Article Abstract:

The article discusses the plan by HSBC Holdings PLC and Merrill Lynch and Co. to launch a joint venture to offer online-brokerage services in 2002 in Germany. The investment banking firms will use the trading platform and staff members from Systracom Bank AG for the venture.

Electronic computers, Europe, Electronic Computer Manufacturing, Securities Dealers, Product information, Facilities & equipment, Finance & Trade EDP Systems, Automatic banking equipment industry, HSBC Holdings PLC, MER, Online securities trading, Merrill Lynch & Company Inc., Financial computer applications, Systracom Bank AG

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Cazenove holders' patience may pay: shareholders could get $623 million if tie-up with J.P. Morgan succeeds

Article Abstract:

If Cazenove and Co.'s proposed joint venture with J.P. Morgan and Company Inc. goes as planned, its shareholders will receive a cash payment of between 300 and 350 million pounds.

J.P. Morgan and Company Inc., Cazenove and Co.

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J.P. Morgan, Cazenove unveil joint venture

Article Abstract:

U.K. company, Cazenove Group PLC, is ending its 180-year history as an independent brokerage firm by entering into a joint venture with several U.K. subsidiaries of U.S.-based J.P. Morgan Chase and Co. J.P. Morgan will pay $202.8 million for a 50% stake in the operation and will contribute 50 professionals. Cazenove, which will have a 50% stake in the venture, will continue to maintain full control of its private-equity and fund management businesses.

Foreign operations, Investment Banking, Financial management, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Finance, Investment banks, JPM, Company financing, Subsidiaries, divisions and units, JPMorgan Chase & Co., Cazenove Group PLC

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