JP Morgan attempts full control of China Futures JV -Bloomberg

Credit: REUTERS/MIKE SEGAR

Dec 30 (Reuters) - JP Morgan Chase & Co JPM.N is seeking 100% ownership of its futures joint venture in China, Bloomberg reported on Monday, citing a person familiar with the matter.

The bank is planning to increase its current 49% stake in J.P.Morgan Futures Co, the report added, citing the person.

JP Morgan was not immediately available for a request seeking comment.

(Reporting by Mekhla Raina in Bengaluru; Editing by Rashmi Aich)

((Mekhla.Raina@thomsonreuters.com; +918067491775;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.