China names JPMorgan Chase as yuan clearing bank in U.S

, , Comments Off on China names JPMorgan Chase as yuan clearing bank in U.S

BEIJING (Reuters) – China’s central bank on Tuesday named JPMorgan Chase & Co. (JPM.N) as yuan clearing bank in the United States, as Chinese authorities seek to boost global use of the yuan. The pick of the largest U.S. bank by assets was made according …
( read original story …)