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JPMorgan is banned from buying other banks but will be ‘open minded’ about other businesses. JP Morgan's profits are up to $60bn in 2019.
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“There’s a lot of reasons you’re going to see mergers in the US, both bank to bank and people trying new disruption strategies, buying new fintechs,” he said, adding that some companies would focus on businesses that were adjacent to their own.
https://www.ft.com/content/5719b586-57dd-11ea-abe5-8e03987b7b20
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