J.P. Morgan to buy loss-making robo-adviser Nutmeg

Launching digital bank 'Chase'

Tom Ellis
clock • 2 min read
J.P. Morgan to buy loss-making robo-adviser Nutmeg

Pioneering and loss-making robo-advice company Nutmeg is set to be acquired by JP Morgan Chase.

The acquisition of Nutmeg will complement the launch of its digital bank under its 'Chase' brand later on in 2021, the firm said. Nutmeg provides a digital advice service to 140,000 customers who hold...

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