PIPS

PIPS

Deutsche/BT Move Closer

Deutsche Bank and Bankers Trust last week won approval for their merger from the comptroller of New York City, Alan Hevesi. Hevesi has written to the US Federal Reserve and the State Banking Department saying he believes the merger should be allowed to proceed on its own merits, and should no longer be held up by US concerns about Deustche's role during the Second World War. "There has been significant progress in the negotiations concerning holocaust-related issues among

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