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November 16, 2009

Originally this news tip came by as an updater at S&T.. mebbe some kind of rubbing salt into the wounds (real or imagined) of the current blog there.. outta time dealing to it, yours truly was queued unto..

JPMorgan Chase is in talks to take control of a prominent British investment bank after striking a deal for half the firm five years ago, a person familiar with the matter said Sunday night.

JPMorgan has offered £1 billion ($1.7 billion) to buy out its remaining stake in its joint venture with the investment bank Cazenove Group, a nearly 200-year-old firm with relationships throughout Europe and the Middle East. A deal could be announced within the next week. – (lede pars by Eric Dash @ nytimes, 15th inst.)

Rates mebbe enzed potential through those asset-maker rellies..


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