CRT, Mitsubishi Call Off Planned Union Backing Out Of Two-Year Engagement

BROKERS

Chicago Research and Trading Group (CRT) and Mitsubishi Trust and Banking Corporation jointly withdrew their application to merge, officials at CRT confirm. These officials say that the two decided to pull the application from the Federal Reserve Bank, where it had long languished, because it appeared unlikely that the Fed would ever approve it.

"We jointly concluded that it's important for both parties to have greater certainty for the development of their respective derivatives businesses,"

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