The landmark deal reportedly cost $700m, but amid a number of executive departures, ailing profitability, and strategic headwinds, questions are being asked as to whether the rationale for the full takeover still holds up
Monday, 25 September 2023 at 23:01
In 2021, JPMorgan executives were considering taking a stake in digital wealth manager Nutmeg. But there was a problem — rival Goldman Sachs was already a shareholder.
The pair could not come up with an agreement that would allow JPMorgan the flexibility to plug Nutmeg into its nascent UK consumer banking arm.
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