Wealth and Asset Management
JPMorgan, Lloyds moves may spur more wealth management fintech deals at UK banks
JPMorgan Chase & Co.'s acquisition of Nutmeg and Lloyds Banking Group PLC's takeover of Embark may spur further purchases of wealth management-focused financial technology firms as U.K.-based banks seek to cut costs and reach new customers. JPMorgan in June acquired Nutmeg Saving and Investment Ltd., a so-called robo-adviser, or online…
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