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Report: JPMorgan to outsource Hong Kong, Taiwan custody business

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JPMorgan Chase is planning to outsource its custody business in Hong Kong and Taiwan, people familiar with the matter told Reuters.

Citigroup, HSBC and Standard Chartered are among interested companies in the $500 billion business, the sources said.

The business oversees transactions and runs the book for clients when they access certain markets.

Read more from Reuters.

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