JPMorgan Chase has joined a boycott of hotels owned by the Sultan of Brunei after the Asian country introduced laws that punish gay sex with death.
America's largest bank is the second major financial institution after Deutsche Bank to direct staff to avoid hotels including London's Dorchester and Los Angeles' Beverly Hills Hotel.The move was first reported by the Financial Times.
5 billion bond sale for state-owned oil giant, Saudi Aramco, in early April.The head of JPMorgan's investment bank, Daniel Pinto, appeared on stage at a finance conference in Riyadh last week. The government of Saudi Arabia is trying to reassure foreign investors following the murder of Saudi journalist Jamal Khashoggi last October. It needs investment and expertise for Crown Prince Mohammed bin Salman's plan to diversify the economy away from oil over the next decade.
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