JP Morgan takes HVB from merger through sell-offs

JP Morgan, the bank which was instrumental in the merger that formed HVB Group six years ago, is now advising it on its break-up with the €447m ($501m) sale of Norisbank, a wholly-owned retail banking subsidiary.

DZ Bank, which was advised by UBS, bought Nuremberg-based Norisbank from HVB.

WSJ Logo
110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink