JP Morgan Plans Transaction-Banking Push In Africa -Reuters

Date : 04/19/2012 @ 11:41AM
Source : Dow Jones News
Stock : JP Morgan Chase & Co. (JPM)
Quote : 91.93  -0.87 (-0.94%) @ 7:24PM

JP Morgan Plans Transaction-Banking Push In Africa -Reuters

JP Morgan Chase (NYSE:JPM)
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J.P. Morgan Chase & Co. (JPM) is planning a transaction-banking push in Africa, Reuters reported Thursday, citing the bank's chief for the region.

The report said J.P. Morgan aims to open a full branch with local currency capabilities in Nigeria by the end of next year, according to John Coulter, the company's senior country officer for sub-Saharan Africa.

The bank is also planning to add 50 new staff in Nigeria over the next five years, according to the report.

Full story at http://www.reuters.com/article/2012/04/19/us-africainvest-summit-jpmorgan-idUSBRE83I0FD20120419

-Dow Jones Newswires; 212-416-2900

 
 

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