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Who you gonna call if you split up JPMorgan ?

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Mary Callahan Erdoes, head of JPMorgan’s asset-management unit, said calls to break up the largest global banks ignore the benefits of size and show a lapse in memory about what worked to stem the financial crisis.

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UBS boosts hedge fund allocation

UBS boosted its recommended allocation to hedge funds for the second time in as many years, saying that the strategy will provide stability amid volatile markets.

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Goldman cuts costs as revenues decline

Goldman Sachs, the worst performer in the Dow Jones Industrial Average this year, climbed Tuesday after blunting a plunge in first-quarter revenue by cutting costs deeper than analysts predicted and vowing to do more if needed.