Wealth and Asset Management
JPMorgan to Buy $410 Million Stake in Chinese Bank’s Wealth Business
JPMorgan Chase & Co. agreed to pay $410 million for a stake in a leading Chinese wealth-management business, as the U.S. financial industry continues to make inroads in China. The U.S. banking giant’s asset-management arm plans to take a 10% stake in the wealth subsidiary of China Merchants Bank . …
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Click here to read the full story: The Wall Street Journal