JP Morgan May Spin Off Bank One Private Equity

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00002568-jp-morgan-may-spin-off-bank-one-private-e/

NEW YORK – J.P. Morgan Chase & Co. is expected to spin off Bank One Corp.’s private equity business into an independent entity, the Wall Street Journal said on Monday, citing unnamed people familiar with the situation.

J.P. Morgan, based in New York, bought Bank One, which had been based in Chicago, for about $58 billion on July 1, and has been integrating many of both banks’ operations.

But the Bank One private equity business, One Equity Partners, has a different investment and management style from J.P. Morgan’s private equity business, JPMorgan Partners, and operates in a different New York building, the newspaper said.

For this complete story, please visit JP Morgan May Spin Off Bank One Private Equity.

JP Morgan May Spin Off Bank One Private Equity

Unknown Author

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