Banks eye Venezuela investment, JPMorgan seen with advantage

By Saeed Azhar, Tatiana Bautzer and Marianna Parraga NEW YORK/HOUSTON, Jan 9 (Reuters) - The U.S. involvement in Venezuela's oil sector offers a potential opportunity for international banks, with JPMorgan Chase in an advantageous spot due to its history in the country and past involvement with international trade financing. A clutch of banks including JPMorgan and Citigroup have historically operated in the country, but reduced operations or ​pulled out in the last few decades. U.S. banks now, however, ...

Banks eye Venezuela investment, JPMorgan seen with advantage - Reportify