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September 01, 2020 10:18am
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JP Morgan says first quarter trading revenue to drop significantly

Wall Street's trading desks are off to a tepid start this year. Morgan Chase, the world's biggest investment bank, said that first-quarter trading revenue would probably fall by a "high-teens" percentage amid a slew of difficult factors, according to Daniel Pinto, head of the firm's corporate and investment bank. The bank's currency and emerging markets debt...
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