Following a meek second quarter performance, J.P. Morgan’s global private banking assets under management inched up 2% quarter-on-quarter, with total private banking client assets also increasing marginally, according to the lender’s third quarter earnings report. The American lender grew its AUM from US$425 billion to US$433 billion in Q3 after two consecutive quarters of decline, although this down 1% in yearly terms. Structural shifts…
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