|
|
Article: It's Official: J.P. Morgan Chase Group Lands Iraq Deal.
- Article from:
- American Banker
- Article date:
- September 2, 2003
- Author:
CopyrightCOPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The Coalition Provisional Authority confirmed Friday that the consortium led by J.P. Morgan Chase & Co. has won the contract to run the Trade Bank of Iraq.
As reported in American Banker Thursday, the J.P. Morgan Chase group's bid led the group of six finalists, which included consortiums led by Citigroup Inc., Wachovia Corp., Bank of America Corp., Bank One Corp., and ABN Amro Holding NV of the Netherlands. ABN Amro was the only stand-alone bank in the running.
Twelve other banks will be involved in the contract. They include Standard Chartered PLC of the United Kingdom, Bank Millennium SA of Poland, Credit Lyonnais of France, Royal Bank of Canada, and ...