81. Last month, ING said it hired Goldman, Sachs to explore possibilities that included selling or closing its U.S investment banking business. 82. Last year, Bank of Boston, best known for its corporate banking, acquired BayBanks Inc. to increase its consumer banking business. 83. Kleinwort will remain autonomous in day-to-day business, while the strategic orientation of the investment banking business will be determined in Frankfurt, Sarrazin said. 84. Last November, Deutsche shifted its investment banking business to London from Frankfurt. 85. Like Sarkozy, Moelis went to UBS Warburg, to head its investment banking business for the Americas. 86. Lehman also began rebuilding its merchant banking business, hoping to use its expertise in its research and investment banking departments as a source of new merchant banking business. 87. Lehman, though, maintains that its investment banking business gives it a strong vantage point. 88. Many other companies, like Barclays and NatWest, paid hundreds of millions of pounds to set up investment banking businesses, only to sell them a decade later. 89. Look no further than the Fleet-BankBoston deal and its planned divestiture of billions in banking business. 90. McCann New York, a unit of the Interpublic Group of Companies, has handled the retail banking business for Chemical. |