Adam Neumann

Adam Neumann’s millions of dollars in personal loans from three banks — which have also signed up to underwrite WeWork’s initial public offering — are a sign of the times.
Banks are building out lending to ultra-rich individuals, some of whom include Silicon Valley executives with a lot of wealth tied up in private shares.
The lenders have also been vocal about leveraging relationships between wealth management and investment banking.
Business Insider spoke with JPMorgan and UBS private wealth execs to learn about the demand they’re seeing for these kinds of loans, particularly as big startups stay private longer.
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WeWork CEO Adam Neumann’s millions of dollars in personal loans from three banks — which have also signed up to underwrite his company’s initial public offering — are a sign of the times.

Banks are building out lending to ultra-rich individuals, some of whom include Silicon Valley executives with a lot of wealth tied up in private shares. The lenders have also been vocal about leveraging relationships between wealth management and investment banking.

We talked to private wealth execs at JPMorgan and UBS who described the demand for lending and potential risks involved as private company executives seek immediate …read more


Source:: Businessinsider – Finance

      

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