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JPM JPMorgan CDR CAD Hedged

29.87
0.18 (0.61%)
30 Oct 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
JPMorgan CDR CAD Hedged NEO:JPM NEO Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.18 0.61% 29.87 29.53 30.55 30.10 29.64 29.65 20,807 21:30:01

JPMorgan to Outsource $500 Billion Custody Business in Hong Kong and Taiwan, Reuters Reports

12/12/2023 5:29am

Dow Jones News


JPMorgan CDR CAD Hedged (NEO:JPM)
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From Oct 2023 to Oct 2024

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--JPMorgan plans to fully exit the local custodian business in Asia-Pacific by finding another bank to take on its Hong Kong and Taiwan custody operations, with Citigroup and Standard Chartered among the candidates, Reuters reports, citing unnamed sources.

--The U.S. bank has about $520 billion worth of client assets under custody as a local custodian in the two markets and plans to complete the transition by the end of 2024, according to Reuters.

 

Full story: tinyurl.com/2p9ch7as

 

Write to Ben Otto at ben.otto@wsj.com

 

(END) Dow Jones Newswires

December 12, 2023 00:14 ET (05:14 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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1 Month JPMorgan CDR CAD Hedged Chart

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