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Lehman Brothers still circling Cazenove

Lehman Brothers' interest in Cazenove, one of the UK's last independent stockbrokers, has been reignited by rival JP Morgan's joint venture talks with the 180-year-old firm.

A banking source said: "Lehman Brothers has held talks with Cazenove and retains an interest. Talks between JP Morgan and Cazenove are at an early stage." Lehman declined to comment.

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