With Wall Street's secret shackles gone, Dimon prowls for deals

Section:

With Wall Street's Secret Shackles Gone, Dimon Prowls for Deals

By Michelle Davis
Bloomberg News
Wednesday, July 10, 2019

For Jamie Dimon, the lone crisis-era CEO left on Wall Street, the move hardly looked like the deal of the decade.

But behind his recent bid for a young health-care payments company called InstaMed is a tectonic shift for JPMorgan Chase & Co. -- and the rest of American banking.

Since the 2008 financial crisis, federal regulators have publicly -- and often privately -- tried to keep giant banks like JPMorgan, already deemed too big to fail, from getting even bigger. Operating through back channels, Washington snuffed out merger ambitions and discouraged plans to expand businesses, offer new products, and open branches. The goal: to contain the industry, and its worst impulses, without the glare of public scrutiny.

That's over now. The Trump administration has rolled back the stealth campaign. And the implications -- for the banks, their customers, investors and the economy -- could be enormous. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2019-07-10/wall-street-unbound-o...



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Glint Completes L5 Million Private Placement
and Welcomes Sprott as Strategic Investor

Company Announcement
Thursday, June 13, 2019

Glint Pay Inc. (glintpay.com), the first-mover company that enables physical gold to make instant payments using a debit Mastercard, today announced the completion of a private placement of L5 Million in London-based parent Glint Pay Ltd. The financing was led by Sprott, an alternative asset manager and a global leader in precious metal and real asset investments with approximately $8 billion in assets under management.

Founded in the United Kingdom in 2016, Glint established the first app-based account in February 2018 giving clients in Europe a low-cost way to buy, sell, and save physically allocated gold and for the first time instantly spend it via the Glint Mastercard anywhere Mastercard is accepted. Glint Pay then added multiple currency wallets, including U.S. dollars, British pounds, and euros in July 2018. The company is working on its launch into the United States. ...

... For the remainder of the announcement:

https://glintpay.com/en_us/glint-en_us/glint-completes-5-million-private...



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