Reuters exclusively reports JPMorgan to restrict trading of some U.S. cannabis stocks - Reuters News Agency
Business & Finance

Reuters exclusively reports JPMorgan to restrict trading of some U.S. cannabis stocks

Reuters exclusively reported that JPMorgan Chase & Co has told prime brokerage clients it will no longer let them buy certain U.S. cannabis-related securities beginning Nov. 8. The move follows similar actions by other banks, including Credit Suisse, after the high-profile collapse of private fund Archegos Capital this year left several banks nursing losses. The saga drew regulatory scrutiny and prompted banks across Wall Street to review how much risk they are prepared to take on in their prime brokerage businesses.  

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
JP-Morgan
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