CHICAGO - At a time when many banking companies have closed or downsized their regional outposts, J.P. Morgan & Co. is planning to expand its operations in Chicago, Los Angeles, and San Francisco.

The biggest growth will occur in Chicago, where the company plans to increase its staff to 70 from 17 by November. The office will be active in futures trading, corporate finance, taxable and tax-exempt securities, fixed-income securities, and public finance, a spokeswoman said Thursday.

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