JPMorgan in expansion mode

JPMorgan Chase has fared as well as any bank in the credit crunch. It has emerged as one of the Big Four and seems to be bent on strategic expansion in a way that Citi is not. Case in point: JPMorgan will buy two units from UBS, a Canadian commodities energy business and its global agricultural business. Both allow for strategic fills. Terms of the deal were not disclosed, but the general view is that while JPMorgan is in position to make these sort of deals, Citi is not. In fact, most people think that Citi needs to stay focused on asset sales.

For more:
- here's the Financial Times article

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