Wealth managers target high-end mortgages

Banks are competing for a growing pool of home loans

As wealthy clients move assets from cash into property, banks are out to generate business by bolstering their mortgage lending.

Barclays Wealth, Morgan Stanley, JP Morgan, Standard Chartered, HSBC, BNP Paribas, Investec and Deutsche Bank are all revving up their high-end mortgage loan businesses, for mortgages priced at £500,000 (€607,000) and above.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions