JP Morgan in exclusive talks for RBS Sempra

JP Morgan is in exclusive talks with Royal Bank of Scotland to buy RBS Sempra Commodities, a joint venture with US firm Sempra Energy, a person familiar with the situation told Dow Jones Newswires on Wednesday.

RBS selected JP Morgan from a shortlist of three bidders over the last few days, the person said. The other bids were submitted by Deutsche Bank and Australia's Macquarie Group, people have previously said.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions