PaineWebber Brings Rich Clients to UBS

Article Abstract:

UBS AG's $10.8 billion acquisition of PaineWebber Group Inc. will give UBS access to 2.7 million private clients in the wealth management market.

Commercial Banks, Commercial Banking, Switzerland, Banking industry, UBS AG, PaineWebber Group Inc., PWJ

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Merrill is expected to purchase Herzog in market-making plan

Article Abstract:

Merrill Lynch and Co. will acquire Herzog Heine Geduld Inc. as part of its plan to expand its market-making abilities. Merrill is expected to buy Herzog for less than $1 billion.

Asset sales & divestitures, Merrill Lynch and Company Inc., MER, Herzog, Heine, Geduld Inc.

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Two Japanese brokerages plan merger

Article Abstract:

Tokai Maruman Securities Co. announced that it will merge with Tokyo Securities Co. The merger is scheduled to take place in October 2000.

Japan, Tokai Maruman Securities Co., Tokyo Securities Company Ltd.

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