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JP Morgan may spend $20bn on acquisitions, but CEO rejects them as growth fix
JPMorgan Chase CEO Jamie Dimon recently said the bank could spend up to $20 billion on an acquisition in the coming years. However, he has warned that mergers and acquisitions should not be viewed as a solution for weak business growth. Speaking to analysts at a recent financial conference in New York, Dimon said that America's biggest bank is open to pursuing the right opportunity, while stressing that management teams should focus on expanding their businesses organically rather than...