JP Morgan Chase & Co plans to undo a technology outsourcing deal with International Business Machines Corp, taking back about 4,000 employees and contractors from the computer giant.

Merrill Lynch & Co must find buyers for €380 million of National Australia Bank stock after only 45% of shareholders in Australia’s biggest bank took part in a dividend reinvestment plan.

ROYAL Bank of Scotland Group, Denmark’s Elsam, and a group of buy-out firms made acquisitions totalling €5.7 billion in Europe’s busiest day for takeovers this year, benefiting advisers such as Merrill Lynch & Co and UBS.