The Federal Reserve Board gave National Westminster Bank permission Thursday to acquire Greenwich Capital Holdings, a Connecticut investment house that offers brokerage, underwriting, and private-placement services.

In particular, the Fed said Natwest can provide financial investment advice, broker leases, arrange equity financing for commercial real estate purchases, offer full and discount brokerage services, underwrite government and municipal revenue bonds, and trade futures contracts.

Natwest, a $257 billion-asset banking company based in London, is purchasing Greenwich Capital from Long-Term Credit Bank of Japan.

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