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JP Morgan To Set Up Qatar Office

摩根大通(JP Morgan Chase)has received permission from the financial regulator of Qatar to open a new branch in the Gulf Arab state.

    摩根大通(JP Morgan Chase)has received permission from the financial regulator of Qatar to open a new branch in the Gulf Arab state,The Wall Street Journalreports. The U.S. bank will start operations in the Qatar Financial Centre(QFC).

    TheQatar Financial Centre Regulatory Authorityhas licensed JP Morgan to arrange credit facilities, deals in investments, provide custody services and advise on investments. Other investment banks with offices in the QFC includeGoldman Sachs,Royal Bank of ScotlandandCredit Suisse.

    Click here for the story fromThe Wall Street Journal.

    Click here for the additional coverage fromRTT News.

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