Also in 1998 it bought the trust banking unit of bankrupt Yamaichi and went into the banking business.
And it reiterated previously announced plans to shed 13, 000-15, 000 jobs at its mortgage banking unit.
Company opened banking unit and is expanding overseas to counter weak consumer spending at home.
The lender is also seeking buyers for its Japanese consumer-banking unit, Bloomberg News reported.
Morgan's investment-banking unit posted a profit slide of 52% from last year and a revenue decline of 30%.
Merrill has been actively building its banking unit but could get a big boost by purchasing a commercial bank.
Then he shredded the firm's investment banking unit, another moneylosing operation only about 30 out of 300 investment bankers remain.
In March, Allianz decided to carve up its Dresdner banking unit, after significant losses at the securities division Dresdner Kleinwort.
The US bank revealed plans to reduce headcount by 3, 000-4, 000 at its consumer and community banking unit, in a presentation.
Then he decimated the firm's investment banking unit, another moneylosing operation.
Credit Suisse First Boston, the investment banking unit of Credit Suisse Group (nyse: CSR - news - people ), was probed for similar practices by the U.S. Securities and Exchange Commission and the NASD.
Bidwell scrutinized seven years of employee data, from 2003-2009, from the U.S. investment banking unit of a financial services firm, which included information on 5, 300 employees in multiple jobs, from traders and research analysts to support staff.
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One reason why Wal-Mart might be reluctant to buy Lenta, at least in the short term, is the amount of due diligence that would be needed, says Herbert Moos, the chief financial officer of VTB Group, which together with TPG Capital holds a stake in Lenta through its VTB Capital investment banking unit.
Another hedge fund bites the dust, this one a unit of the Swiss banking giant UBS .
David Darnell, the head of commercial banking, says his unit has received 10, 000 leads from the former Merrill.
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The latter will include the research unit accused of skewing its findings to win banking business.
Freddie Mac, the mortgage banking giant that has been a unit of the U.S. government since 2008, reported a smaller loss than last year amid a still faltering housing market.
Several days ago Prince appointed Chief Financial Officer Todd Thomson to take over supervision of the private bank in Japan as well as become CEO of Citigroup's Smith Barney unit, where the costly scandal over research and investment banking had erupted.
Citigroup responded to investigations of conflicts of interest at its investment-banking arm by saying that it would split the unit in two.
EU's competition commissioner, evidently agrees: she said last week that banking would be among the first targets of a unit she is setting up in Brussels to bash cartels.
The French bank agreed to buy the prime-brokerage unit of Bank of America, which is pruning its investment-banking activities.
Lilien said so far this year that the brokerage unit had contributed 15 cents a share, versus 17 cents from banking and 13 cents from the retail mortgage business.
Mr Deats, deputy head of the National Hi-Tech Crime Unit (NHTCU), said that greater use of online shopping and banking was making the net a tempting target for organised crime groups.
That drastically changed on Monday, when UBS announced it was culling 1, 500 jobs from its investment-banking division, or 6.7% of the 22, 300 staff in the unit.
The unit has now reportedly been put up for sale, along with the rest of Amexco's private banking operations.
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