Standard Bank Angola has obtained approval to open a correspondent account with J.P. Morgan, the biggest bank in the world by market capitalisation. The bank is the first Angolan bank to obtain authorization, marking the re-entry of J.P. Morgan into the national financial system. Standard Bank says its partnership with the American multinational bank will improve access to global currencies and enable more efficient cross-border settlements, while enhancing the competitiveness of companies operating in and with the southwestern African country. Thami Ngubeni spoke to Brem Peters, Head of Transaction Banking, Financial Institutions, Bank Sector at Standard Bank Corporate & Investment Banking...