Sources: JPMorgan and other banks struggled to spread the risk of billions in loans they made to build data centers leased to Oracle in Texas and Wisconsin
Sources: a JPMorgan-led bank group halted a $5.3B debt deal for Qualtrics, whose existing $1.5B loan trades at 86 cents on the dollar, on weak investor interest
A group of banks led by JPMorgan Chase & Co. halted a $5.3 billion debt deal for software firm Qualtrics International Inc …
Apple says JPMorgan will issue Apple Card, replacing Goldman, with an expected two-year transition; sources: Goldman is offloading ~$20B in outstanding balances
Goldman Sachs is offloading the credit-card balances at a more than $1 billion discount — JPMorgan Chase has reached a deal …
JPMorgan's recent data access deal with Plaid, if extended to other aggregators, could allow Plaid to use its cost advantage to further consolidate market share
The agreement setting a price for customers' financial information stands to benefit the biggest market players.
Sources: JPMorgan Chase is in advanced talks to take over Apple's credit-card program from Goldman Sachs, with Apple telling JPMorgan it is its preferred choice
Discussions between the country's biggest bank and Apple accelerated in recent months — JPMorgan Chase is in advanced talks …
Quantinuum raised $300M, led by JPMorgan, valuing the quantum computing company at $5B; Honeywell remains the majority owner
Thomas Black / Bloomberg :
Sources: JPMorgan, PNC, Apollo, and Morgan Stanley are in talks to acquire SVB Financial Group, excluding SVB; interest in SVB cooled after the US backstop
Michael Flaherty / Axios :
Sources: Stripe co-founders Patrick and John Collison told staff their goal is to go public or let employees sell shares in private markets in the next year
Fintech startup hires Goldman, JPMorgan to advise on direct listing or private-market transaction involving employees' shares
Source: Israeli cybersecurity startup Cybereason, which is valued at $2.5B, hired JPMorgan to find a buyer, after abandoning its IPO plans for earlier in 2022
The Information :
JPMorgan buys UK-based digital wealth manager Nutmeg, which has 140K+ customers and about $5B in assets under management; sources say deal is worth about $1B
Digital wealth manager Nutmeg has around 140,000 customers and $5 billion in assets — JPMorgan Chase & Co. agreed …