H/T to Money Jihad blog: http://moneyjihad.wordpress.com/2014/03/04/j-p-morgan-to-saudi-banksters-buh-bye/ JP Morgan Chase has dropped Al-Rajhi Bank, the world’s largest Shariah-compliant lender, as a correspondent banking client amid a push to improve risk controls. The relationship with Saudi Arabia’s biggest publicly traded bank ended Dec. 31 because JPMorgan couldn’t get enough information on where payments in dollar-clearing services for Al-Rajhi […]
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