- Reuters
Orsted receives $650 million tax equity financing from J.P. Morgan
The tax equity allows for tax credit transferability under 2022 President Biden's Inflation Reduction Act, which corporate buyers can purchase to support clean energy storage projects in the U.S. Additionally, the Biden administration is undertaking a separate effort to identify areas in 11 western states best suited for solar energy development, which it expects to finalize by the end of the year.
- Zacks
JPMorgan (JPM) to Pay $100M Penalty for Trade Reporting Lapses
JPMorgan (JPM) is poised to pay a fine of $100 million to the CFTC over trade reporting lapses.
- Bloomberg
JPMorgan Hunts for Private Credit Firm to Grow in Hot Sector
(Bloomberg) -- JPMorgan Chase & Co. is on the hunt to buy a private credit firm to augment its $3.6 trillion asset management arm, as the biggest US bank makes more inroads into Wall Street’s buzziest sector.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesHarvard Students Walk Out of Commencement Protesting SuspensionsCiti Trader Got 711 Warning Messages Before Sparking Flash CrashThese Flight Routes Suffer the World’s Worst TurbulenceIsrael to Restart Gaza Talk
