The second-biggest bank failure in the history of the United States presented a rare opportunity for JPMorgan chief executive Jamie Dimon to claw back some ground in a business long ceded to rivals — wealth management.
Already a dominant player in investment, retail and private banking for ultra-high net worth clients, JPMorgan has lagged in the business catering to the more modestly wealthy, an increasingly desirable group at a time of booming riches in the US.
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