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Rating:J.P. Morgan Goes to China Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 21, 2013

J.P. Morgan Goes to China

News summary by MFWire's editors

After all of the ongoing press, like the recent $13 billion settlement with regulators, J.P. Morgan [profile] now has some seemingly positive news.

The Wall Street Jurnal reports that the financial conglomerate has received approval from the Chinese government to sell mutual funds on the mainland. The paper notes that the firm is the first wave of foreign banks allowed to compete with local financial concerns in this sector. 

Edited by: Tommy Fernandez


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