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JPMorgan is making a move that has some European transaction bankers shaking in their boots.
A year ago, the US bank announced that it would be expanding its commercial banking business to cover Europe and Asia. The target was and is mid-cap and middle-market corporates (with a capitalization of between around $250 million and a few billion) – the types of companies the bank hopes will flock to it, eager to leverage the bank’s global network and ambitious investment plans.
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