J.P. Morgan’s private banking AUM shrink for second straight quarter

15 July 2016 | 2 minutes read

J.P. Morgan’s global wealth management business has put in a pallid second-quarter performance, with revenues remaining flat and private banking client assets dropping for the second straight quarter, according to the bank’s latest earnings report. Revenue for the global wealth management unit – which includes private banking – inched up 3% from the first quarter to US$1.52 billion. That also…

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