(FILES)A JPMorgan sign is seen outside the office tower housing the financial services firm's Los Angeles, California offices, in this August 8, 2013 file photo. US banking giant JPMorgan Chase announced March 19, 2014 it is selling its physical commodities business to Swiss trading firm Mercuria Energy Group Limited for $3.5 billion. The deal divests physical commodities assets, transactions and energy and metals trading staff to Mercuria, which was founded in 2004 by two former Swiss traders at Goldman Sachs and is well known in energy and commodity trading circles. AFP PHOTO / Robyn Beck

JPMorgan looks to exit China securities joint venture

US investment banking giant is seeking to exit its mainland securities joint venture after years of lacklustre profit growth, but remains committed to China

Topic |   JPMorgan Chase

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(FILES)A JPMorgan sign is seen outside the office tower housing the financial services firm's Los Angeles, California offices, in this August 8, 2013 file photo. US banking giant JPMorgan Chase announced March 19, 2014 it is selling its physical commodities business to Swiss trading firm Mercuria Energy Group Limited for $3.5 billion. The deal divests physical commodities assets, transactions and energy and metals trading staff to Mercuria, which was founded in 2004 by two former Swiss traders at Goldman Sachs and is well known in energy and commodity trading circles. AFP PHOTO / Robyn Beck
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