Two new banking analysts at Lehman Brothers Inc., Diane B. Glossman and Michael A. Plodwick, rolled out equity coverage on 35 U.S. banks on Wednesday.

The analysts joined Lehman shortly after Travelers Group announced recently that it was acquiring Salomon Brothers, where the two had covered money-center and regional banks. Travelers owns Smith Barney, which has a team of banking analysts headed by Henry C. Dickson.

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