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Banks helping rich clients invest in marquee property deals

The push into direct transactions for groups of wealthy people seeking high-profile investments is relatively new

Among Citigroup's investments was providing equity for 432 Park Ave, where a penthouse is under contract for about US$95 million

New York

WHAT does Manhattan's tallest residential tower have in common with the Hooters hotel-casino in Las Vegas? They're investments for rich families.

JPMorgan Chase & Co, Citigroup Inc and HSBC Holdings plc are among banks presenting elite customers with offerings once...

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