China people & markets round-up: JP Morgan seeks onshore private fund licence, China holds less US Treasuries, SGX sets new USDCNH futures record

Noah Sin

August 17, 2018 11:00 am

JP Morgan Chase and Co building on Park Avenue in New York, NY on May 14, 2012. Chase said Monday its chief investment officer Ina Drew was resigning in the wake of the bank's stunning $2 billion loss on derivatives trading. Drew is 'retiring' after more than 30 years at the bank, JPMorgan said, but her departure comes days after the bank reported a huge 'egregious' loss that came under her responsibility at the bank's chief investment officer. Photo by Charles Guerin/ABACAUSA.COM | Charles Guerin/ABACA/Press Association Images