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Latest Results from /wealth

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SoftBank in talks for $5 billion margin loan

SoftBank Group is reportedly asking global banks to borrow $5 billion as founder Masayoshi Son pours funding into AI investments.

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Two-thirds of bank staff using unapproved AI tools - survey

The prevalence of shadow AI, whereby bank staff are using unapproved tech, poses a growing risk to the financial services industry, suggests recently published research.

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Teylor secures €150m from Fasanara Capital to accelerate pan-European SME financing expansion

The strategic partnership with the London-based asset manager will support the expansion of Teylor’s factoring business in seven European countries and establish a pan-European financing vehicle.

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Wealth app Chip scores £6m investment from Channel 4 VC arm

Chip has secured its first institutional investment, with the venture capital unit of UK TV station Channel 4 pumping £6 million into the digital wealth app at a £208 million valuation.

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Robinhood CEO calls tokenisation unstoppable 'freight-train'

It is inevitable that the entire financial market will be tokenised, according to Vlad Tenev, co-founder and CEO of online trading platform Robinhood

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JPMorgan drops Nutmeg wealth management brand

JPMorgan Chase is killing off its Nutmeg digital wealth management brand in the UK and replacing it with JP Morgan Personal Investing.

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Sibos 2025: Why Europe needs the integration of capital markets

In the only Europe-centric session at Sibos in Frankfurt, Swift’s Marianne Demarchi led a conversation titled: “View from the Top: Securing Europe’s financial future - Resilience, autonomy, and global impact.”

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WealthTech Zilo secures $27 million investment

London-based WealthTech firm Zilo has raised $27 million in a Series A2 funding round.

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SoftBank Vision Fund lays off 20% of staff to make room for AI ambitions

Fintech venture capital firm, SoftBank Vision Fund, will be axing 20% of its staff in a push to boost AI investment.

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Most traditional asset managers favouring centralised stablecoins

Growing from a market capitalisation of $130 billion to $280 billion since the end of 2023, Stablecoins continue to grow in relevance. Recent regulatory framework introductions have begun to go further and introduce their adoption within broader applications across traditional finance.

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HSBC Private Bank to equip client-facing staff with AI

HSBC Private Bank is to roll out OpenAI's Large Language Model to client facing staff, investment counsellors and product specialists to provide quality market insight and personalised investment strategies to high net worth customers.

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The Children’s ISA migrates 126,000 accounts from Embark to Quai Digital, powered by WealthOS

The Children’s ISA (TCI) has completed the mass migration of 126,000 ISA and Junior ISA accounts from Embark to Quai Digital within seven months.