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JPMorgan Said Cut Tie to Saudi Bank Amid Focus on Control
JPMorgan Chase & Co. dropped Al-Rajhi Bank, the world’s largest Shariah-compliant lender, as a correspondent banking client amid a push to improve risk controls said two people with direct knowledge of the move. The relationship with Saudi Arabia’s biggest publicly traded bank ended Dec. 31 because JPMorgan couldn’t get enough…
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Click here to read the full story: Bloomberg