JPMorgan Strikes Deal to Spin Off Its Private Equity Arm | NYTimes.com

The decision was motivated by JPMorgan’s emphasis on its client business rather than using its own balance sheet to make investments.

The bank did not want to compete directly with its clients, which include some of Wall Street’s leading private equity firms.

via JPMorgan Strikes Deal to Spin Off Its Private Equity Arm – NYTimes.com.

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