Last of the line; Cazenove.(Cazenove and Co. signed a deal with J.P. Morgan Chase and Co.)

Economist (US), The, November, 2004

Philip joins forces with Pierpont

A deal between J.P. Morgan and a small British bank

TO READ some of the press comments, Cazenove, a small British investment bank, is a uniquely wonderful institution that displays all of the virtues of the City of old and none of its vices. Its chairman, David Mayhew, is routinely described as the City's most powerful banker, and its client list is the envy of its rivals. In the past few months speculation about Cazenove has been especially fevered because the bank has been trying to flog itself to many of the world's biggest financial institutions. On November 4th it at last came to a deal to set up a joint venture with one of them: J.P. Morgan Chase.

The acres of coverage that the deal has received is...

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