ABN AMRO, JPMorgan, Morgan Stanley, WestLB

Reuters reports that, according to Dutch newspaper Het Financieele Dagblad, The Dutch Central Bank tried to stop the takeover and break-up of ABN AMRO, but failed to get the political support to do so.

The Wall Street Journal reports that JP Morgan Securities has been fined $500,000 for violating US Municipal Securities Rulemakings. According to the newspaper, the unit claimed that no municipal securities business had been obtained by its consultants and that no payments were made in connection with specific transactions. It turns out that, from January 2002 to June 2004, JP Morgan Securities paid at least $750,000 to six consultants connected to the transactions.

Bloomberg reports that The Florida Supreme Court has ruled that Morgan Stanley will not have to pay US financier Ronald Perelman any of the $1.57bn awarded by a lower court in 2005 for money Perelman lost when he purchased Coleman Co, a business he claimed the US firm duped him into buying. Morgan Stanley said that 'we believe this brings Coleman's claims against Morgan Stanley to an end, and we are happy to be putting this matter behind the firm'.

The Financial Times reports that Morgan Stanley has announced a further management reshuffle in sales and trading. Mitch Petrick has now been given sole responsibility for the business under firm co-President Walid Chammah.

Finally, The Wall Street Journal reports that WestLB and smaller rival Landesbank Hessen-Thueringen (Heleba) have confirmed that they plan to have talks about a merger. A deal between the two firms would create Germany's biggest state-owned bank by assets.

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