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JP Morgan Creates $100B Funding Arm To Help UN

PYMNTS

JPMorgan has created a $100 billion funding arm — the JPMorgan Development Finance Institution (DFI) — to expand investments in emerging markets and help the United Nations (U.N.) Our aim is to increase engagement with clients and investors interested in financing critical projects and transactions in emerging markets.”.

National 148
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Former Restaurant Execs Seek $230M For SPAC

PYMNTS

The New York-based corporation, composed of eight experienced restaurant owners, is seeking to raise up to $230 million for a blank-check company, according to a filing with the Securities and Exchange Commission (SEC). Greg Golkin, managing partner at Kitchen Fund, is named as president. Chang’s China Bistro Inc.,

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Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. In addition, equity investments would be tied to a newly renamed asset management unit.

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Goldman Joins South Africa’s Johannesburg Stock Exchange

PYMNTS

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. In addition, equity investments would be tied to a newly renamed asset management unit.

Capital 131
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Grab Creates Accelerator For Vietnam Startups

PYMNTS

Grab Ventures Ignite will nurture and support promising Vietnamese startups in their journey to become national champions in Vietnam’s tech startup ecosystem, in line with the government’s national strategy to create 10 technology unicorns by 2030,” Grab said in a statement.

National 130
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TRENDING: Why Grocery Stores Want Autonomous Vehicle Delivery

PYMNTS

In the November Intelligence of Things Tracker , PYMNTS examines the forces pushing IoT adoption forward, the security risks holding it back, and how public and private sectors seek to strike the right balance. Recently, the National Institute of Standards and Technology drafted a report advising federal agencies on IoT security.

Trends 173
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The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s

Gonzobanker

High interest rates have forced many banks to pay more to retain deposits (often via brokered deposits), while many institutions have seen deposits flee to higher-yielding money market funds. Rising interest rates depress the value of low-rate securities and loans. Bond losses. 4) The creativity imperative.