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Growing pains

7 April 2011 By Antony Currie

The bank’s $430 mln swoop for Prudential Bache is its latest move to bulk up. Jefferies is bigger than a boutique but a far cry from the bulge bracket. It has more scope to grow rapidly unless it comes at too high a cost. Like DLJ or the Four Horsemen, a sale may come first.

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