{"id":8662,"date":"2008-09-19T00:00:00","date_gmt":"2008-09-19T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"funds-flee-morgan-goldman-for-jpmorgan","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2008\/funds-flee-morgan-goldman-for-jpmorgan.html","title":{"rendered":"Funds Flee Morgan, Goldman for JPMorgan"},"content":{"rendered":"<p> New York Post &#8211; The JPMorgan Chase CEO is seeing the coffers of the bank he runs being filled with &quot;billions of dollars a day&quot; coming from hedge funds that have pulled their cash from Morgan Stanley and Goldman Sachs, according to several large hedge-fund managers and other Wall Street sources. <\/p>\n<p> The flood of new business has actually caused a bottleneck at the banking giant, as the prime brokerage unit scrambles to quickly conduct due diligence and credit checks to set up new clients, a source close to the bank said. <\/p>\n<p> Most of JPMorgan&#8217;s new clients are being serviced through the old Bear Stearns prime brokerage force, which was a key part of Dimon&#8217;s acquisition of the fallen brokerage firm. <\/p>\n<p>  A spokesman for JPMorgan confirmed that the bank has seen a significant jump in volume and &quot;they are managing it well.&quot; <\/p>\n<p>  He also said the bank is maintaining firm due diligence and credit-review procedures. <\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.nypost.com\/seven\/09192008\/business\/funds_flee_morgan__goldman_for_jpmorgan_129840.htm\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Post &#8211; The JPMorgan Chase CEO is seeing the coffers of the bank he runs being filled with &quot;billions of dollars a day&quot; coming from hedge funds that have pulled their cash from Morgan Stanley and Goldman Sachs, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[552,646,707,134,197,147,882,97,551,133,2764,101,510,442,358],"class_list":["post-8662","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-alignment","tag-arthur-sulzberger","tag-december-31","tag-eliot-spitzer","tag-housing-market","tag-journalism","tag-justin-paperny","tag-lengthy-prison-terms","tag-mayhem","tag-paul-touradji","tag-polo-shirt","tag-raanan-agus","tag-slate","tag-taking-aim","tag-value-investors"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8662"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8662\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}