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JPMorgan Deepens Iraq Business After Citi, Standard Chartered

JPMorgan Chase & Co. is the latest international bank after Citigroup Inc. and Standard Chartered Plc to expand business in Iraq as OPEC’s second-largest producer boosts crude oil output and rebuilds its economy.

JPMorgan signed a one-year agreement yesterday to help the Trade Bank of Iraq finance imports of goods and services, John Gibbons, managing director and EMEA regional executive for the New York-based bank, said in an interview in Baghdad.