The collapse last week of NationsBank Corp.'s partnership with Dean Witter, Discover & Co. sounded the death knell for banks' experiments in building investment products muscle through joint ventures.

It was the last of three big deals to unravel this year.

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.