Brokerage Firms Operating Online Face U.S. Shakeout

Article Abstract:

Online brokerage firms have proliferated to about 140 in recent years and, given the present market conditions, are ripe for acquisition. This would probably be the case were it not far less expensive to increase a brokerage's customer base than to consolidate companies.

On-Line Information Services, Forecasts, trends, outlooks, Videotex & Teletext, Telegraph & other communications, Security and Commodity Services, Statistical Data Included, Online services, Internet services, Column

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Morgan Stanley net jumps 49%; card deal is set

Article Abstract:

Morgan Stanley of the United States posted a net income earnings increase of 49 percent to $1.79 billion from $1.2 billion a year earlier, in the fourth quarter. Also, the securities giant is to acquire Lloyds TSB Group PLC of the United Kingdom, credit card business for $1.75 billion.

United Kingdom, Sales, profits & dividends, Lloyds TSB Group PLC, Company sales and earnings, Company earnings/profit, Company Profile, MWD, Morgan Stanley

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UBS is buying Piper brokerage unit

Article Abstract:

UBS AG of Switzerland is to acquire financial services company Piper Jaffray Cos. of the United States for $500 million. The bank has $2.12 trillion in international client assets.

Switzerland, UBS AG, Company overview, Piper Jaffray Cos.

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