JPMorgan Chase & Co. is making bold moves to grow its investment banking business by hiring top talent from its biggest rivals, Deutsche Bank and Goldman Sachs. The bank recently brought in three senior bankers as part of its plan to expand its business services division, which focuses on companies providing essential services such as cleaning, maintenance, and infrastructure support.

It remains to be seen how other players like B. Riley Financial Inc. (NASDAQ: RILY) in the investment banking space are repositioning themselves for sustained growth in the wake of increasing…

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