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Wall Street Battles Upstarts in Hunt for Silicon Valley Rich

Jan.14 -- Bank of America Corp., Morgan Stanley, Deutsche Bank AG and JPMorgan Chase & Co. are among Wall Street firms beefing up wealth-management teams in Northern California, adding staff and resources to the fast-growing market. The groups looks to court the Bay Area’s growing pool of wealthy entrepreneurs and newly minted tech millionaires. Bloomberg's Sophie Alexander and Lisa Abramowicz discuss the battle for Silicon Valley wealthy.