16 December 2017
visit http://response.ncr.com

Brown & Co to buy Mellon brokerage unit

21 December 2001  |  2699 views  |  0 Brown & Co to buy Mellon brokerage unit

Brown & Co, the online brokerage unit of JP Morgan Chase is to buy the brokerage operations of mutual fund family Dreyfus, boosting its assets under management by $6 billion.

Dreyfus, which is a unit of Mellon Financial, is selling the brokerage unit to Brown in an all-cash deal, the terms of which were not disclosed. Brown is acquiring 75,000 accounts.

"This transaction is part of the continued sharpening of our strategic focus," says Stephen Canter, Mellon vice chairman and Dreyfus chief executive.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

JP Morgan Chase and PCCW pull plug on HK online broker 2Cube

JP Morgan Chase and PCCW pull plug on HK online broker 2Cube

13 December 2001  |  3497 views  |  0 comments
Global Crossing bridges JP Morgan Chase dealing floors

Global Crossing bridges JP Morgan Chase dealing floors

05 December 2001  |  4325 views  |  0 comments
BrokerageAmerica acquires Financial Cafe

BrokerageAmerica acquires Financial Cafe

26 November 2001  |  2380 views  |  0 comments
CIBC acquires Merrill Lynch Canada retail brokerage

CIBC acquires Merrill Lynch Canada retail brokerage

22 November 2001  |  4389 views  |  0 comments
JPMorgan Chase to resell operational risk package

JPMorgan Chase to resell operational risk package

19 November 2001  |  3358 views  |  0 comments
Rocky ride ahead for online brokers, warns S&P

Rocky ride ahead for online brokers, warns S&P

14 November 2001  |  2958 views  |  0 comments
JPMorgan Chase winds down Arcordia

JPMorgan Chase winds down Arcordia

07 November 2001  |  7248 views  |  0 comments
GMAC Bank partners Ameritrade for online brokerage

GMAC Bank partners Ameritrade for online brokerage

01 November 2001  |  3033 views  |  0 comments

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.atos.netvisit www.response.ncr.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10372 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9834 views comments | 18 tweets | 36 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7069 views comments | 19 tweets | 21 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6464 views 0 | 4 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
6209 views comments | 9 tweets | 9 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job