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Throw together three technology venture capital firms, three of the largest on-line brokers in the US and a senior investment banker from Merrill Lynch and what do you get? It’s what some market observers consider to be the entrant to on-line investment banking that’s most likely to succeed, even if it doesn’t yet have a name. Charles Schwab’s chief executive, David Pottruck, is the brains behind the operation. Back in June he and his chief strategist, Daniel Leemon, started ringing around to see how much interest there was in setting up yet another investment bank. |
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