Category: Morgan

Catalyst Fund gets $15M from JP Morgan, UK Aid to back 30 EM fintech startups
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Catalyst Fund gets $15M from JP Morgan, UK Aid to back 30 EM fintech startups

The Catalyst Fund has gained $15 million in new support from JP Morgan and UK Aid and will back 30 fintech startups in Africa, Asia, and Latin America over the next three years. The Boston based accelerator provides mentorship and non-equity funding to early-stage tech ventures focused on driving financial inclusion in emerging and frontier…

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Morgan Stanley’s ‘Teflon banker’ talks direct listings (and much more)
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Morgan Stanley’s ‘Teflon banker’ talks direct listings (and much more)

Michael Grimes has been dubbed “Wall Street’s Silicon Valley whisperer” for landing a seemingly endless string of coveted deals for his bank, Morgan Stanley. The sprawling financial institution has served as the lead underwriter for Facebook, Spotify and Slack. Grimes, a banker for 32 years — 25 of them with Morgan Stanley — has also…

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Dow Futures Rise but One Morgan Stanley Analyst Is Praying for Recession
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Dow Futures Rise but One Morgan Stanley Analyst Is Praying for Recession

Dow Jones Industrial Average (DJIA) futures edged higher on Thursday, hinting at a cautiously optimistic stock market open. But not everyone is feeling the warm, fuzzy glow. Mike Wilson at Goldman Sachs said he’s “rooting for a recession” to bring some sensibility back to the market. Speaking to CNBC, Wilson said yesterday: “I’m rooting for…

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Dow Futures Sink as JP Morgan Rings Stock Market Gloom Alarm
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Dow Futures Sink as JP Morgan Rings Stock Market Gloom Alarm

Dow Jones Industrial Average (DJIA) futures dragged lower on Monday, extending last week’s bout of heavy selling. But investors shouldn’t expect a turnaround yet. In a note to clients, JP Morgan analyst John Normand said the downturn is only halfway through. The good news, Normand argues, is that talks of a full-blown recession might be…

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