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JPMorgan Tops Goldman in Investment Banking as Fees Swell 13%

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Cyprus Company Formation
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Dec 30, 2008
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As 2009 began, the world’s banks and brokers were in a deep hole. They had recorded some $1 trillion in credit losses and writedowns of their mortgage holdings in the financial crisis of 2007 and 2008, and markets were still reeling. To recapitalize, they issued stock -- a lot of it.


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