JP Morgan Private Bank saw new money flows swell to $23bn last week during the height of the financial turmoil that saw the bankruptcy of Lehman Brothers and the bailout of AIG.

Mary Erdoes, the private bank's chief executive, sent an internal memo to the bank's staff notifying them of the big inflow, according to sources close to the bank.

JP Morgan Private Bank sees huge surge in new money

David Bain

JP Morgan Private Bank

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