03-01-2017 10:38 via uk.news.yahoo.com

Indonesia penalises JPMorgan for 'underweight' call - officials

By Nilufar Rizki and Eveline Danubrata JAKARTA (Reuters) - Indonesia will drop JPMorgan Chase & Co from providing some services to the government after the bank's research arm said investors should reduce their exposure to the country, senior finance ministry officials said on Tuesday. "After we did a comprehensive review, we said no need to use JPMorgan's services as a primary (bond) dealer and a perception bank," Suahasil Nazara, the head of the ministry's fiscal policy office, told Reuter
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