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
JPMorgan Chase and Company posted a 31 per cent increase in second-quarter earnings yesterday after underwriting income jumped and bond market trading revenue rose.
US fixed-income markets plunged during the quarter, lifting longe