Whenever JP Morgan and Goldman Sachs in London manage to poach staff from each other, it usually leads to a bout of cheering and high-fives in the relevant office. No doubt much of the rivalry comes from the close proximity of their headquarters, which are less than five minutes’ walk from each other near Blackfriars Bridge.
The first to the celebrations this year was JP Morgan, which proudly announced that it had lured Mike Betts away from its US rival.
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