April 20, 2008 / 6:29 AM / 11 years ago

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below