Regal Recovery.AFTER LOSING ITS CROWN LAST YEAR, JP MORGAN appears to be regaining its coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. title as Latin America's king of mergers and acquisitions. The investment bank, which was the top M&A advisor in the region from 1994-1997, ranked number one again during this year's first quarter, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. figures compiled by Securities Data Corp. The firm advised 11 deals worth US$3.6 billion. Among the deals: Chilean bottler Embotelladora Arica's announced acquisition of the Peruvian bottling assets of Britain's Inchcape and an increased stake by Empresas La Moderna of Mexico in its insurance company, Seguros Commercial America. JP Morgan was also tops in debt underwriting during the quarter, managing eight debt deals worth $4 billion. "The results show that JP Morgan remains the premier global bank in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. :' says Carlos M. Hernandez, co-head of Latin America for the investment bank. Last year, JP Morgan landed fourth in M&A advising behind Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. , and Morgan Stanley Dean Witter. |
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