JP Morgan has hired Fahad Al Deweesh as head of its investment banking coverage in Saudi Arabia at a time when the kingdom is in the process of opening its markets to foreign investors, and by extension to the international banks that service th
Saudi Arabia's Savola Group has appointed JP Morgan to advise on its potential purchase of a stake in Kuwait Food Co (Americana), the Jeddah-based firm said.
Savola previously said in August it had held preliminary talks with
Bahrain-based banks need to treat tougher US action on non-compliance with sanctions as an opportunity, an expert has said.
Growing use, more active enforcement and harsher fines for non-compliance with US sanctions not only pose
A string of large transactions drove the value of global mergers and acquisitions (M&A) activity up by 54 per cent in the first quarter compared to the same period last year, reflecting greater deal-making confidence among chief executives.
JP Morgan has cut its correspondent banking relationship with Emirates NBD, Dubai's largest bank, as part of a global review of its business, sources familiar with the matter said.
In a memo to staff last year, the US bank sai
A JP Morgan tech executive fell to his death from the U.S. bank's 33-storey tower in London's Canary Wharf financial district on Tuesday in what British police said was a "non-suspicious" incident.
Police were ca
JPMorgan Chase & Co will pay $1.7 billion to settle US charges it violated laws requiring banks to monitor customer activity for money laundering in its handling of accounts of convicted Ponzi-schemer Bernard Madoff, authorities said on Tues
JP Morgan Chase has promoted two bankers to senior roles in Saudi Arabia, the bank said in a statement on Monday, after its top banker in the kingdom left earlier this year to join the central bank.
Rayan Fayez has been named seni
Bahrain-based BBK said it has won the 2013 Quality Recognition award from JP Morgan for achieving a very high 'straight-through-processing' (STP) rate for funds transfers.
STP is the automated process of payments which inc