NationsBank invests in unit
NationsBank Corp. said yesterday it agreed to purchase an investment stake in its brokerage unit from Dean Witter Discover & Co. for an undisclosed price. The brokerage unit, NationsSecurities, includes the Charlotte, N.C., company's full-service brokerage and its London stock brokerage.
Spokesman Rusty Page said the nation's fourth-largest banking company chose to purchase the stake because of difficulties selling the unit's services to competitors of Dean Witter.
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