JPMorgan went on a shopping spree in 2021 to secure its present leadership far into the future. This was at the same time as its already large share of US deposits – driven even higher by savers’ flight to safety in the pandemic – prevents it from buying banks in its home market.
Among 30 or so bolt-on deals, it acquired OpenInvest in June. OpenInvest is an environmental, social, governance (ESG) investment management products and impact reporting services company.
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