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Big Names Eye Up Robertson Stephens

Now that FleetBoston Financial has decided to offload investment banking arm Robertson Stephens, some of the big boys are thought to be considering their options and are said to be seriously thinking of making a bid at public auction.

The investment bank was a key player in the 1990s tech public offerings market and was the lead underwriter in a number of high profile deals. Its fortunes fell along with many of the companies it helped bring to market.

The firm lost $61m for FleetBoston in 2001.

It is difficult to place a value on the bank, although FleetBoston will hope to receive at least $500m for Robertson Stephens.

Deutsche Bank, HSBC and UBS Warburg are all thought to have some interest in a possible purchase.

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