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Sim Tshabalala-led Standard Bank expands in Angola
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Sim Tshabalala-led Standard Bank expands in Angola
Standard Bank, Africa’s largest lender by assets, led by South African banker Sim Tshabalala, has secured approval to open a correspondent account with JPMorgan in Angola, a step that restores direct access to U.S. dollar and euro clearing in one of the continent’s biggest oil producers. JPMorgan’s return to Angola comes after years in which international banks reduced exposure to the country over governance and compliance concerns. This deal si…
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