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Euromarket banks are a dying breed

Dresdner Kleinwort Wasserstein's example would make an ideal case study at a business school

Just in case you hadn't noticed, the number of Euromarket investment banks is dwindling at a rate that is starting to cause concern.

Look at the evidence. In the last century, the former Salomon Brothers was swallowed by the obese Citicorp, which also absorbed Citibank International and some of the less appetising parts of Schroders.

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