Serious JarkataDK!!! JPMorgan guai guai upgrades Indonesia after 'disciplined'

[Sammyboy RSS Feed]

An honorable member of the Coffee Shop Has Just Posted the Following:

Indonesia has cut some ties with JPMorgan Chase & Co (JPM.N) after the bank's research analysts issued a negative report on the country, the latest in a series of skirmishes between Wall Street banks and governments in emerging markets.

Indonesia will no longer use JPMorgan as a primary bond dealer and has also revoked a special designation that allows it to perform certain banking services, Suahasil Nazara, head of the Ministry of Finance's fiscal policy office, told Reuters on Tuesday.

It is the second time recently that JPMorgan's research arm has drawn ire from the Indonesian government, and highlights the inevitable conflicts banks face when their analysts express a negative view on a country or company that their investment bankers are trying to court. http://www.reuters.com/article/us-in...-idUSKBN14N0BS



now.....

JPMorgan reverses bearish call that angered Jakarta http://www.businesstimes.com.sg/bank...ngered-jakarta


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[jameschong1]

[QUOTE=Sammyboy RSS Feed;15542839]An honorable member of the Coffee Shop Has Just Posted the Following:

so now they want to employ ah toing bank as advisor?