Hoppe pledges to reverse decline of European rates business

New angles

Is JP Morgan Chase fixated with the growth of its credit derivatives business, to the detriment of its legendary European interest rate customer franchise?

Some evidence suggests it is – and the firm is acting to reverse the slide. The job falls to Tom Hoppe, the 20-year-plus Chase Manhattan and Chemical Bank veteran appointed earlier this year to run JP Morgan Chase’s European rates business after the departure of Rob Standing.

Hoppe is eager to point out the firm’s 37% increase in rates rev

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