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J.P. Morgan unit Brown & Co. to buy Dreyfus Brokerage Services

Published on .

New York--In a move that underscores its commitment to e-finance, J.P. Morgan Chase & Co. unit Brown & Co. is to buy Dreyfus Brokerage Services, the online trading unit of Mellon Financial Corp. Brown & Co. will get Dreyfus' 75,000 b-to-b and consumer accounts, as well as $6 billion in client assets. Financial terms of the acquisition weren't disclosed.
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