Two become one


The announcement of a $58 billion all-stock merger of JPMorgan and Bank One was greeted with enthusiasm in January, as the credit markets recognised the numerous benefits wrought by the deal, not least an expected $2.2 billion of cost savings. Both banks’ bonds tightened on the news, with spreads on Bank One’s 2.625% due 2008 tightening 10bp in the week after the announcement.

For one, the move should strengthen JPMorgan’s position as one of Citigroup’s few rivals in underwriting for investment

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here