Investment Banking

JPMorgan returns to Indonesia’s good grace

Indonesia reinstates US bank as a primary dealer of government bonds

JPMorgan returns to Indonesia’s good grace

Indonesia is reappointing JPMorgan as a primary dealer of government bonds almost a year and a half after the US bank was kicked out of the business over a negative research report.

The finance ministry said in a statement Monday that America’s largest bank by assets would be a primary dealer again beginning May 2 along with 19 other banks and financial institutions. It did not give a reason for the reinstatement. The ministry had previously said the bank would be eligible to reapply after 12 months of sitting out.

WSJ Logo
Aviva Takeover of Direct Line Gets Green Light From U.K. Antitrust WatchdogExternal link

Aviva Takeover of Direct Line Gets Green Light From U.K. Antitrust Watchdog