71. Bank of Montreal saw interest from securities firms to buy marks for the Telekom shares, said Ken Nixon, a currency adviser for the bank. 72. Banks have been snapping up securities firms in recent months, paying high multiples of the book value or earnings for the firms. 73. Banks, securities firms and insurance companies particularly benefit because the value of their massive bond holdings rises. 74. Bear Stearns Cos. and other securities firms underwrote most of these sales, the people familiar with the sales said. 75. Bear Stearns was the only large securities firm that did not report better-than-expected earnings in the latest quarter. 76. Before joining the New York-based securities firm, Paviolitis was director of the municipal securities group of Everen Securities Inc. 77. Before opening an account, securities firms typically have investors sign agreements to use industry-run arbitration, not the courts, in a dispute. 78. Birdsall and Wilcock joined Lehman, the fourth-largest U.S. securities firm in terms of capital, as senior vice presidents. 79. Black, the head of investment fund Apollo Advisors, is a former co-head of mergers and acquisitions at defunct securities firm Drexel Burnham Lambert. 80. Black, who heads Apollo Advisors, was a former co-head of mergers and acquisitions at defunct securities firm Drexel Burnham Lambert. |
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