Cazenove, the blue-blooded UK broker, has been holding discussions to sell its remaining stake in joint venture JP Morgan Cazenove to Wall Street giant JP Morgan, it emerged over the weekend. Financial News/Wealth Bulletin charts the history of one of London's last remaining independent merchant banks.

Senior management at Cazenove and JP Morgan are close to agreeing a price for Cazenove's 50% stake in joint venture JP Morgan Cazenove, according to a report in The Independent on Sunday over the weekend.