Financial and Banking News
Management Buys Into BAII's London Broker
BAII has sold a 49% stake in its London stockbroker, Sheppards, to some 35senior employees of the firm, according to a bank announcement last week. BAIIretains 51% of the broker, which it bought in 1986 at a time when such firmswere being sold at high prices to foreign banks eager to participate in the 'BigBang' deregulation of the City of London. Press reports in the UK have...