Industry Watch - Financial services supermarkets aren't for everybody. After nearly a decade of heavy m&a activity designed to put a plethora of services under one roof, some firms are moving toward breakups in a variety of formats. Wachovia and Prudential are combining securities brokerage units in a JV and U.S. Bancorp is spinning off the Piper Jaffray investment banking business.
Year of publication:
Mergers & acquisitions. - New York, NY : Investment Dealers' Digest, ISSN 0026-0010, ZDB-ID 8628555. - Vol. 38.2003, 4, p. 17