The Chief Executives of Deutsche Bank and Merrill Lynch are believed to have had dinner together in New York recently and this has fuelled rumours about a possible merger between the two organisations.
Rumours also abound overseas that Citigroup is in discussions with Credit Suisse in connection with a possible purchase of investment banking arm, Credit Suisse First Boston.
As it becomes clear that 2002 will be at least as bad a year for investment banks as the year before, rumours abound that some of the big players are looking to find merger partners in a bid to save on costs.
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