JPMorgan sees Nutmeg losses grow to £42m after landmark acquisition
Assets continue to tick up but Wall Street giant’s new digital wealth manager keeps losing money
Nutmeg’s losses grew by another £10m last year as the JPMorgan-owned digital wealth manager continues to strive to turn a profit.
Nutmeg reported losses of £42.4m, according to results for the year ended 31 December 2023, up from £32.2m the previous year.
