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Major bank’s private banking arm to downgrade some lawyer clients

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In its latest move to boost profitability and cut costs during a period of low interest rates, J.P. Morgan Chase & Co. appears to be targeting lawyers from top firms. J.P. Morgan is restructuring its private banking arm to handle a smaller pool of higher-net-worth individuals who generate more fees…

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Click here to read the full story: Australasian Lawyer

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