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By: Carolina Millan
JPMorgan Chase & Co.’s bid to become Argentina’s top banker started back in early 2015, long before the country became the investor favorite it is today.
The nation was mired in default and home to a thicket of currency controls that had long repelled many investors when the New York-based bank announced plans in May of that year to triple its staff in Buenos Aires to 1,000 and make the city its hub for Latin America. With presidential elections later that year, JPMorgan was betting that change was on the way
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