1.   Analysts said the task of building an equities business is challenging.

2.   And New York-based WestSphere Capital Associates works closely in the private equity business with Brasilpar, a Sao Paulo financial advisory and asset management firm.

3.   As the Cleveland transaction points out, baseball is an equity business, not a cash business.

4.   As well as the equities business, analysts believe NatWest is willing to part with its U.S. bond trading and corporate finance businesses at the right price.

5.   At the time, the United States equity business was really cranking, and we were doing about three trades a day in European equities.

6.   Baker, who had previously run the fixed-income derivatives side of Barings, said he noticed several irregularities when he took over the equities business.

7.   BankAmerica has long had an interest in getting into the equity underwriting business.

8.   Banks had been in charge of the domestic equities business for Morgan.

9.   BankBoston said profits from its private equity business did not change from a year ago.

10.   Boosting its equity business will help DLJ achieve that goal because of the rich fees on underwriting stock sales.