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JP Morgan To Buy British Investment Firm

 MORNING EDITION

November 19, 2009 6 a.m.

JP Morgan Chase Co. is taking full control of Cazenove Group. JP Morgan began a joint venture with the 190-year-old British brokerage in 2005. JP Morgan Cazenove will continue to operate under that name and become a wholly owned part of the U.S. bank's British investment bank arm.

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