Institutional business boosts Q3 results

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JPMorgan Chase has reported a 30pc increase in institutional revenue in third-quarter results for its asset management business.

Overall the firm reported third quarter net income of $3.4bn (£1.67bn) up from $3.3bn (£1.6bn) in the same period in 2006, while net revenue for the asset management arm increased by $569m (£279m) ...

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