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Citi and JP Morgan pass $1 trillion M&A mark

Citigroup and JP Morgan have joined the $1 trillion (€685bn) club for the first time after plans for the world's biggest mining merger propelled the volume of announced mergers and acquisitions they have worked on this year to beyond the landmark level.

Citigroup and JP Morgan Cazenove are working on opposite sides of BHP Billiton's proposed £69.3bn (€98.5bn) takeover of rival Rio Tinto announced last week.

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