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By Elena Vardon U.K. investment banks Liberum and Panmure Gordon have agreed to merge, creating a company that will advise more than 250 corporate clients..
The rapid decline of London’s stock market has triggered the merger of two of Britain’s biggest independent stockbrokers, as City firms seek to bulk up to weather the downturn.
The combined Panmure Gordon and Liberum, which will announce their merger on Tuesday, will be the largest adviser to London-listed companies, Sky News learns.