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Banks to Fight Over $18 Trillion Held By the Poorest of the Rich

  • Fortunes of $1 million and less in wealth managers’ sights
  • Regulations, scandals impacting returns from offshore wealth

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People with assets of $250,000 to $1 million are set to become a new battleground for the world’s financial firms as declining margins push them to seek out pockets of wealth further down the scale.