IFC Asset Management Selects J.P. Morgan

J.P. Morgan has been appointed by IFC Asset Management (AMC) to provide outsourced private equity accounting and fund administration services for $4 billion assets under administration
By None

After a year that has done damage to many firms’ balance sheets, some banks might begin selling lucrative stakes in Chinese banks to offset the losses, according to the Financial Times.

UBS became the first financial institution to do so last week, but investors in Beijing fear they will not be the last.

jt

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