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JP Morgan targets mid-sized firms in challenge to European banks

Reuters  |  PARIS/NEW YORK 

By Inti Landauro and David HenryPARIS/NEW YORK (Reuters) - Thumbing through a thick binder detailing European mid-sized and family-owned firms, JP Morgan's Doug Petno has his sights set on a business Europe's banks have kept to themselves."This list is heavily curated, handpicked," Petno, the New York-based CEO of JP Morgan's commercial banking segment, told Reuters of the 1,500 companies it wants to become clients.The owners of these firms are often already wealth management customers and JP Morgan's Petno is now looking to offer their businesses loans, cash management, payment processing ...

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First Published: Wed, December 05 2018. 19:43 IST