JP Morgan Chase chairman and CEO Jamie Dimon has gone back on his comments where he blasted Bitcoin a "fraud", by claiming he believes in blockchain, the technology behind the cryptocurrency.
In an interview with Fox Business, Dimon said "I regret making" the comments in September in which he said Bitcoin was "worse than tulip bulbs" and labelled the cryptocurrency a "fraud". To clarify...
AUM growth of 19% in first half of 2018
Move to improve access to institutional managers without a retail fund
Launching fund end of 2018
Purchased for undisclosed sum