JPMorgan Among Winners as Latin American Wealth Flocks to Miami
- Itau’s new accounts hit 1,000, Bradesco doubles lending book
- Morgan Stanley misses out on regional boom amid Fed review
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Latin America’s wealthiest investors are taking their fortunes to Miami at one of the fastest clips in history, with some fleeing regional turmoil and others lured by yields higher than they can find at home.
For JPMorgan Chase & Co. and Brazil’s biggest banks, the exodus has generated asset and client growth. For Morgan Stanley, not so much.