Libyan Sovereign Wealth Fund Files Lawsuit Against JPMorgan Chase
Libya’s sovereign wealth fund has filed a lawsuit against JPMorgan Chase in a London court, according to a spokesman for the Libyan Investment Authority (LIA). The LIA has previously brought lawsuits against two other investment banks in London courts, relating to trades carried out during the rule of Muammar Gaddafi.
BlackRock Bond Veterans Start Hedge Fund Aimed At Cryptocurrency
Goodbye bonds, hello Bitcoin. That’s the career path taken by former BlackRock Inc. bond specialists, Michael Wong and Adam Grimsley, who together with a third founder have set up Prime Factor Capital, a London hedge fund that will trade cryptocurrencies from April.
London To Ban Uber
Transport for London, the city’s transportation regulator, said on Friday that it would not renew the ride-hailing service’s operating license when it expires on Sept. 30. The regulator, known as TfL, said in a statement on Twitter that it had concluded that Uber was “not fit and proper” to hold a private-hire operator license. Here's why.
London Startups Raised Twice As Much Money In 2014 As They Did In 2013
A total of $1.4 billion for venture capital raised is over double the figure raised last year. And it's over 20 times the amount of VC money raised by London tech startups four years ago.