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JPMorgan dodges buyout-loan bullet, WSJ reports

JPMorgan (JPM) has avoided most of 2022’s so-called hung deals that have cost competitors billions of dollars in paper losses, The Wall Street Journal’s Matt Wirz reports. Whether by luck or by design, the biggest U.S. bank didn’t make loans backing takeovers of companies such as Twitter (TWTR), Citrix Systems and Nielsen, which fell in value as markets turned choppy, the author notes. JPMorgan’s record contrasts with that of Bank of America (BAC), which made large loans for buyers of Twitter, Citrix, Nielsen and others. Reference Link

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