JPMorgan softens stance on share-backed loans to target AI-era wealth – report
JPMorgan Chase is easing its approach to loans secured against shares held by employees and early investors in recently listed companies, the Financial Times reported. The move aims to attract business linked to the substantial wealth being created by the AI boom. The bank previously told its bankers it would be willing to lend against shares in Elon Musk's rocket and AI company SpaceX earlier than its usual 135-day post-IPO waiting period, and may take a similar view for Anthropic. JPMorgan stated its policy had not changed, adding that its practices exceed regulatory requirements and transactions are assessed on a case-by-case basis.
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