Banks turn to advising to shore up bottom line

12/12/2010 | Bloomberg

Increased capital requirements for banks are causing some to look to wealth management for a new source of revenue. JPMorgan Chase, Deutsche Bank and Citigroup are among the companies planning to hire new investment staff around the globe. The trend is also leading some banks to cultivate more niche markets, such as wealthy families, in order to stay ahead of the competition.

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