Chase Leaves National Financial for JPMorgan

March 2009
Securities Industry News;Spring2009 Clearing Quarterly & Dir, p6
Trade Publication
The article reports on the decision of Chase and Washington Mutual to transfer its clearing operations to JPMorgan Clearing Corp. It mentions that Chase is the biggest bank customers of the National Financial Services of Fidelity Investments. According to industry observers, the transfers were inevitable because Washington Mutual was purchased by JPMorgan Chase & Co. It cites the efforts of JPMorgan Clearing to recruit more bank business.


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