JPMorgan Chase has strengthened its position as a global leader in technology investment banking by building long-term relationships with startups and high-growth companies long before they reach the public markets.

JPMorgan Chase has reduced the value of certain loans held by private credit groups and is tightening its lending to the sector.

Several leading U.S. banks are in early talks about the potential creation of a joint stablecoin, according to The Wall Street Journal.