NEW YORK: JPMorgan Chase & Co, which has grown by more than 50% since the start of the financial crisis, is going on a diet.
The largest US bank is shedding holdings to appease regulators including the Federal Reserve: if the bank gets rid of enough trading assets, derivatives, and investment securities, it can be deemed a little less risky by the Fed, which in turn could help it boost profitability and return more capital to shareholders.
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