Charles Schwab to buy U.S. Trust

Article Abstract:

Charles Schwab Corp. has reached an agreement to acquire US Trust Corp. The transaction is valued at $2.7 billion (2.62 billion euros).

Charles Schwab Corp., U.S. Trust Corp.

Order handling by web brokers is scrutinized

Article Abstract:

E*Trade Group Inc. has acquired Dempsey and Co. for $173.5 million (190.3 million euros). However, the deal could lead to new scrutiny on how E*Trade provides service for its online investor clients.

Security brokers and dealers, Securities Brokerage, Stockbrokers, E*TRADE Financial Corp., EGRP, Dempsey and Company L.L.C.

Japan's Sanwa Bank to buy stake in Dai-Ichi from LTCB affiliate

Article Abstract:

Sanwa Bank Ltd. will purchase a 29% share in Dai-Ichi Securities Co. Dai-Ichi is a medium-sized brokerage company that is affiliated with the Long-Term Credit Bank of Japan. Sanwa will purchase up to 67.4 million shares in Dai-Ichi. These shares are controlled by an real estate affiliate with LTCB that filed for a special liquidation in April 1999. The price of the acquisition was not revealed.

Comment:

Sanwa Bank to purchase 29% share in Dai-Ichi Securities

Japan, Sanwa Bank Ltd., Dai-Ichi Securities Company Ltd.