Credit Suisse Group confirms DLJ deal

Article Abstract:

Credit Suisse Group, the largest bank in Switzerland, said that it will purchase investment bank Donaldson, Lufkin and Jenrette Inc. for $115.5 billion (Euro$12.89 billion) in cash and stock, in an attempt to push its investment banking unit, Credit Suisse First Boston, into the U.S. top bracket.

Market information - general, Investment Banking, Switzerland, Investment banks, Market share, Credit Suisse Group, Donaldson, Lufkin and Jenrette Inc., DLJ, Credit Suisse First Boston L.L.C.

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Citigroup sells its asset management; will others follow?

Article Abstract:

Citigroup Inc. of the United States is to divest of most of its asset-management business and consolidate its brokerage operation. A deal is in the works with Legg Mason Inc., a swap of units plus approximately $1.5 billion of Legg Mason Inc. stock and a $550 million loan from Citigroup Inc.

DEPOSITORY INSTITUTIONS, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Company acquisition/merger, Citigroup Inc., Legg Mason Inc., C

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Van der Moolen expands reach with CDM deal

Article Abstract:

Van Der Moolen NV has acquired a majority share of Cohen, Duffy, McGowan and Company L.L.C. Van Der Moolen acquired the 51% share for an estimated $100 million to $125 million price.

Netherlands, Van Der Moolen Holding N.V., Cohen, Duffy, McGowan and Company L.L.C.

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