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JPMorgan looks for big payoff from lead in deposit race
Published Mon, Jan 16, 2017 · 09:50 PM
New York
OVER the past five years, stock analysts have challenged JPMorgan Chase & Co executives for keeping so many branches open as customers did more and more banking online.
Giving up real estate, the analysts said, was an obvious way the bank could save money when interest income was flagging and regulatory and legal costs were climbing.
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