JPMorgan to exit government securities settlement business
Reuters
Published Jul 22, 2016 12:39PM ET
Updated Jul 22, 2016 12:50PM ET
JPMorgan to exit government securities settlement business
NEW YORK (Reuters) - JPMorgan Chase & Co. (N:JPM) plans to end services on settling government securities after a review of its businesses, a bank spokesperson said on Friday.
"After a careful review, we have determined that is a non-core service, particularly as we simplify our business and continue to prioritize strategic growth opportunities," the spokesperson said in an email of its government securities settlement services business.
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Written By: Reuters
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