Scottish Investment Trust to merge with JP Morgan in £1.2bn deal October 20, 2021 Scottish Investment Trust is dropping its in-house management team to combine assets with JP Morgan’s Global Growth & Income (JGGI) arm to create a new £1.2bn enlarged trust. The deal is expected to complete in the first quarter of next year if approved by shareholders, and the Scottish Investment Trust will be voluntarily liquidated through [...]
JP Morgan’s digital retail bank Chase to launch in UK next week September 17, 2021 JP Morgan will next week launch its new digital-only lender ‘Chase’ in the UK, as it aims to become one of the biggest banks in the country. In its first international expansion through a retail operation in the bank’s 222-year history, JP Morgan will initially offer only current accounts through the new lender Chase, before [...]
JP Morgan takes charge of Channel 4’s road to privatisation September 15, 2021 The government has appointed banking giant JP Morgan to provide advice on Channel 4’s future following a consultation into the possible privatisation of the public broadcaster. Culture Secretary Oliver Dowden is understood to have approved the American investment bank to provide corporate finance advice on the broadcaster’s remit, ownership and obligations. The appointment has not [...]
JP Morgan sues Tesla for $162m warrant dispute over Elon Musk tweet November 16, 2021 JP Morgan has sued Tesla for $162m and accused the EV carmaker of “flagrantly” breaching a contract related to stock warrants, after CEO Elon Musk threatened to take the company private in a 2018 tweet. According to the filing in New York on Monday, Tesla sold warrants to the US investment bank that would pay [...]
JP Morgan: Hong Kong Covid measures create tough hiring climate, says Dimon November 15, 2021 Hong Kong’s strict Covid-19 pandemic restrictions have reportedly created a tough hiring environment for JP Morgan, boss Jamie Dimon said. The city state has some of the world’s most stringent emergency pandemic measures, with inbound travellers having to quarantine in hotels for as long as three weeks form some countries. Dimon said earlier today that [...]
Breaking: Extinction Rebellion activists smash JP Morgan windows : CityAM September 1, 2021 Green activists have vandalised the JP Morgan headquarters in Embankment using chisels and hammers to smash two windows. At around 7am this morning eight women representing Extinction Rebellion arrived at the building wearing all black and used hammers adorned with the words ‘live,’ ‘laugh’ and ‘love’ to break the glass. Activists added the words ‘in [...]
FTX scrambles for emergency funds as contagion fears grow November 10, 2022 Bitcoin could tumble to as low as $13,000 as the industry is rocked by the crisis at the crypto exchange FTX, JP Morgan has warned.
JP Morgan to lift pandemic office capacity caps in London July 14, 2021 JP Morgan will soon lift its 50 per cent capacity cap for its Canary Wharf office as pandemic restrictions are lifted next week. Employees will still be required to wear masks in common areas and complete health checks, as reported by Financial News. The US investment bank’s return-to-office task force said in an internal memo: [...]
FTX estate will recover up to $16.3 billion to creditors May 9, 2024 2022 was a traumatic year for the crypto industry. After Terra's implosion in May, the summer saw numerous bankruptcies from seemingly reputable crypto entities due to lacking risk management. Sam Bankman-Fried (SBF) appeared to have a plan to save them all. People heralded him as the "JP Morgan of Crypto" after he made several nine-figure investments to rescue the crypto economy, similar to JP Morgan's early 1900s actions to backstop financial institutions. However, by November 2022, SBF's own companies faced jeopardy. On November 11, 2022, FTX filed for Chapter 11 bankruptcy. Now, almost 18 months later, it seems creditors will be more than compensated.
Goldman Sachs and JP Morgan to pay interns to quarantine in hotels June 13, 2021 Budding bankers at Goldman Sachs and JP Morgan forced to quarantine in hotels before they can begin their City careers will have their costs covered by the banks. The Wall Street titans are among the major lenders preparing to welcome another intake of new starters in the middle of the pandemic. But many of the [...]