NEW YORK - This spring's round of musical chairs among bank research teams is playing well into the summer, as evidenced by the exodus last week of a six-member bank equity search team from Salomon Smith Barney.

Lehman Brothers said Friday it has hired the group, lead by Henry C. "Chip" Dickson, who started that day as a senior banking analyst focused on large-cap banks. He started at Smith Barney as a regional bank analyst in 1993 and became senior equity analyst when Smith Barney merged with Salomon Brothers in 1997.

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