JPMorgan Sells Japan Trust Bank to Soc Gen

Societe Generale has agreed to buy J.P. Morgan Chase & Co.'s trust bank in Japan. The renamed SG Private Banking (Japan) Ltd. will manage assets of about 300 billion yen ($2.4 billion). No price was disclosed. The French bank aims

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Societe Generale has agreed to buy J.P. Morgan Chase & Co.’s trust bank in Japan. The renamed SG Private Banking (Japan) Ltd. will manage assets of about 300 billion yen ($2.4 billion). No price was disclosed. The French bank aims to use the acquisition to expand its private banking business in Japan.

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