1. Analysts said the acquisition may prompt more mergers between investment banks with mainly institutional clients and retail brokerage firms which sell to individual investors. 2. Attracting new institutional clients will take time, however. 3. Austin was on the list of money management firms that Merrill recommended to institutional clients. 4. Big institutional clients can live with short-term performance problems, but they hate this kind of turnover. 5. Bohla said Vebacom will first target business and institutional clients, selling voice and data service, as well as video conferencing. 6. After listening to both sides, ISS will issue a recommendation to its hundreds of institutional clients for or against the deal. 7. All that seemed to change in the fall, when Merrill nearly shut down its bond operation for weeks, Merrill executives and institutional clients said. 8. But American Express says it will not take such risks again, although it will keep manufacturing such derivative securities to be sold to its institutional clients. 9. But courts have frowned on that approach, and now Milberg Weiss says that it is seeking institutional clients, too. 10. By selling Dresdner a stake, RCM, which manages mostly domestic stocks for institutional clients, will gain global distribution for its services. |