In a deal that illustrates the issues of control and autonomy that arise when banks acquire investment banking houses, Comerica Inc. this week announced the acquisition of W.Y. Campbell & Co.

The deal comes less than two years after Comerica's attempted acquisition of First of Michigan Capital Corp. failed because employees at the Detroit-based brokerage firm fled.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.