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Article: J.P. Morgan Stakes Claim in Silicon Valley.(Brief Article)(Statistical Data Included)
- Article from:
- American Banker
- Article date:
- February 7, 2000
- Author:
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J.P. Morgan & Co. has plans to join a host of other banking companies and investment firms that are trying to capture some of the fortunes being made in Silicon Valley.
The $260 billion-asset New York company just opened a private banking office in Palo Alto, Calif., in the heart of Silicon Valley. A bigger, permanent office that will house Morgan investment bankers as well as private bankers will open in Palo Alto next year.
The move is part of a yearlong effort at Morgan to open its storied private bank to a bigger group of prospective clients. Once geared exclusively toward individuals with a minimum of $5 million of assets to invest, Morgan's private ...