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Stock Analyst Update

Bigger May Be Better for Chase's Investment Bank

Adding boutique firms is fine, but a big deal would be more efficient.

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Apparently this time the rumors are true.

Chase Manhattan (CMB), which frequently is the subject of Wall Street takeover speculation, confirmed Thursday that it is in talks to buy Robert Fleming Holdings, a U.K.-based boutique investment-banking and asset-management firm.

Laura Pavlenko Lutton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.