J.P. Morgan grows treasury services in local currencies

J.P. Morgan is pushing Asian currency capabilities and trade finance growth in the region.

J.P. Morgan yesterday highlighted its expanding local currency cross-border payments capabilities and trade finance activities in the region as part of a $1 billion global investment in its transaction banking business. The US bank made the comments at Sibos, an annual transaction banking conference organised by The Society for Worldwide Interbank Financial Telecommunication Swift, that is being held in Hong Kong this week. 

Simon Jones, Asia-Pacific executive of J.P. Morgan Treasury Services, said the bank is especially...

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