The wisdom of Salomon
Article Abstract:
Salomon Smith Barney (SSB) is acquiring the investment banking operations of Schroder for $2.2 billion, a deal that emphasises the dominanceof large, gloabl, US banks. SSB is part of Citigroup, while Schroders was the biggest quoted British-owned investment bank. Schroders is retaining asset management activities. Neither bank could compete effectively in the European investment bank industry, due to their small size, so the merger helps to remedy this.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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Broker thyself
Article Abstract:
The planned acquisition of Donaldson, Lufkin and Jenrette by Credit Suisse is examined in detail.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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Giants go hunting
Article Abstract:
The newly merged company from Morgan Stanley and Dean Witter, Discover will be the largest securities and asset management company in the US. This type of merger of investment banking, mutual fund management, securities and credit card businesses is to rival future deregulated commercial banks.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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