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JP Morgan attempts full control of China Futures JV: Bloomberg

FILE PHOTO: A sign is seen outside the headquarters of JP Morgan Chase & Co in New York, United States, September 19, 2013. REUTERS/Mike Segar/File Photo

(Reuters) – JP Morgan Chase & Co (JPM.N) is seeking 100% ownership of its futures joint venture in China, Bloomberg reported on Monday, citing a person familiar with the matter.

The bank is planning to increase its current 49% stake in J.P.Morgan Futures Co, the report added, citing the person.

JP Morgan was not immediately available for a request seeking comment.

Reporting by Mekhla Raina in Bengaluru; Editing by Rashmi Aich

http://feeds.reuters.com/~r/reuters/businessNews/~3/wxG3C4IhvKI/jp-morgan-attempts-full-control-of-china-futures-jv-bloomberg-idUSKBN1YZ08X

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