The Federal Reserve Board last week gave First Union Corp. permission to acquire Wheat First Butcher Singer Inc.

First Union will combine the Richmond, Va., investment banking and brokerage house with its existing section 20 unit, which already offers commercial debt and equity underwriting services.

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.