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Deals

JP Morgan eyes stake in Kuwait Finance House: report

KUWAIT (Reuters) - Investment bank JP Morgan Chase & Co JPM.N is interested in buying a stake in Islamic lender Kuwait Finance House KFIN.KW, daily al-Anba said on Sunday in an unsourced report.

The paper said the U.S. bank had applied to the central bank of Kuwait to approve a stake buy, adding it was unclear how large a stake it wanted to acquire.

The paper gave no more details.

KFH could not be immediately reached for comment.

(For Reuters content on Islamic finance, click on ISLAMIC)

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