Banker Surprise

Bank of America thought it had a gimme lined up early this year when it put its prime brokerage up for sale with the expectation that JPMorgan Chase & Co. would pony up more than $800 million for the operation.

Bank of America thought it had a gimme lined up early this year when it put its prime brokerage up for sale with the expectation that JPMorgan Chase & Co. would pony up more than $800 million for the operation.

Then Bear Stearns Cos.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related