JPMorgan creating joint venture for retail, internet banking, reveals internal memo

JPMorgan creating joint venture for retail, internet banking, reveals internal memo

A J.P. Morgan logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith

Merger and acquisition dealmakers make their livings advising companies on mergers, sales and spinoffs. But this time, investment bankers at JPMorgan Chase & Co are working on an internal deal of their own.

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