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The Fallout

BROKERS AND MONEY CENTER BANKS
Banks such as Chase and J.P. Morgan may need to merge with each other or with brokers such as Merrill Lynch.

INTERNATIONAL BANKS
Their franchises look less impressive when compared with Citigroup's. Banks such as Deutsche Bank may look for partners in the U.S.

INSURERS
Companies such as Germany's Allianz are waiting to see if the U.S. repeals barriers to combining banking and brokerage services. If so, they would shop for U.S. acquisitions.


DATA: BUSINESS WEEK


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Updated Apr. 9, 1998 by bwwebmaster
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