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How to help a credit crisis: Try a merger
The head of JP Morgan says he sees lots of new relationships in his crystal ball. Jamie Dimon told a German newspaper today he expects the credit crisis to unleash a wave of bank mergers in the U.S. and Germany. Dimon also mentioned it wouldn't bother him if the SIV super fund didn't happen. That's the plan for three U.S. banks, including JP Morgan, to help rescue structured investment vehicles.
Posted on December 7, 2007 7:30 AM PT | Permalink
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