Market Chatter: JPMorgan, UBS Withdrew Services to Infini Capital Before Hong Kong Probe Went Public

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JPMorgan Chase (JPM) and UBS Group (UBS) had severed ties with Infini Capital Management well before a probe into the investment firm was made public, Bloomberg News reported Thursday, citing people familiar with the matter.

Infini was recently raided by authorities during an investigation into alleged insider dealing in Hong Kong, the unnamed sources told the news outlet.

The banking giants stopped offering prime brokerage services to Infini months ago, according to the report. It is not clear if UBS and JPMorgan ceased to do other business with the firm and what exactly triggered their decision, Bloomberg reported.

JPMorgan, UBS, and Infini didn't immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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It is not clear if UBS and JPMorgan ceased to do other business with the firm and what exactly triggered their decision, Bloomberg reported.</p><p>JPMorgan, UBS, and Infini didn't immediately respond to MT Newswires' requests for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JPMO","symbol_name":"JPM期权收益策略ETF-YieldMax","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2618113679","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618113679","pubTimestamp":1773314147,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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It is not clear if UBS and JPMorgan ceased to do other business with the firm and what exactly triggered their decision, Bloomberg reported.JPMorgan, UBS, and Infini didn't immediately respond to MT Newswires' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}