JPMorgan, Goldman Sachs and Morgan Stanley have all said that they will convert their Frankfurt offices into their EU hubs
Jamie Dimon, CEO of JP Morgan, feels that reforms are tough across all the countries that have embedded politics and systems. A country having state-owned banks should be very careful.
JP Morgan has committed USD 7 million to a USD 9.5-million fund to set up a financial inclusion lab to support fintech startups in association with IIM-Ahmedabad and the Dell and Bill Gates foundations, the Wall Street powerhouse said today. This is the largest philanthropic commitment to date in any country outside the US, the global banking and financial services provider claimed in a statement, adding the beneficiaries of the lab will typically those startups focused on helping low income households who earning USD 2-10 per day. JP Morgan will provide up to USD 7 million over the next four years towards this initiative. The lab, being set up in collaboration with the IIM-A's Bharat Inclusion Initiative under its Centre for Innovation, Incubation and Entrepreneurship, is being set up with additional support from the Michael & Susan Dell Foundation and Bill & Melinda Gates Foundation, and the lab will host accelerator programmes to identify solutions for ...
The weight in MSCI EM would drop 14 basis points (bps) to 8.18 per cent after the MSCI rebalance
He says, there would be much stronger growth if there were more intelligent decisions