TITLE

One Year After Bear's Collapse JP Morgan Reaping Benefits

AUTHOR(S)
Hintze, John
PUB. DATE
March 2009
SOURCE
Securities Industry News;3/16/2009, Vol. 21 Issue 6, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on JP Morgan and Chase & Co. and the benefits it is reaping due to its acquisition of Bear Sterns in 2008. It is commented that the acquisition may not have helped the profits of JP Morgan last year, but it has strengthened its customer-facing businesses such as prime brokerage and correspondent clearing through prudent risk management, a relatively strong balance sheet and rapid integration of legacy platforms. The integration is stated to continue throughout 2009 and that pieces of asset and wealth management will be moved.
ACCESSION #
37020506

 

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