Wells Fargo & Co (WFC.N) is one such bank, and has begun expanding its commercial mortgage-backed securities business, or CMBS, by tapping former employees of Wachovia Corp -- one of the segment's most prolific lenders before the crisis.
"I see lots of friends who used to be employed, and weren't for a while, and are now being rehired by institutions," said Jonathan Strain, head of debt capital markets for JPMorgan Chase & Co's CMBS division.
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