- JPMorgan doubles down on UK retail bank ChaseBusiness ·
September 27, 2022
Wall Street giant JPMorgan is planning to double the size of its workforce at fledgling British retail bank Chase to at least 2,000 within two years, the CEO of the venture told Reuters, despite losses and some investor scepticism.
- U.S. MarketsSpace and Time valued at $300 mln after Microsoft venture arm-led fundraise
Space and Time, a decentralized data analytics platform, secured $20 million in funding from a group of investors led by Microsoft venture capital arm M12, valuing the company at $300 million.
- BusinessSaudi Arabia's wealth fund hires banks for debut green bonds
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has hired banks including Citi and JPMorgan to arrange a debut issuance of multi-tranche U.S. dollar-denominated green bonds, a document showed on Tuesday.
- WorldBritain's pensions regulator warns on cash flow risk from market stress
Britain's pension scheme trustees should review their cash flow positions and assess if they can cope with further market stresses, the Pensions Regulator said on Tuesday following a sharp rise in gilt yields that may trigger a scramble for cash.