JP Morgan changed one of its oldest policies for SpaceX IPO, as America's largest bank seeks to win business from the wealth being generated by ...

JPMorgan Chase , the largest financial institution in the US, is easing its restrictions on lending against shares owned by company workers and early backers following recent stock market debuts, aiming to capture business from the immense wealth being generated across the tech sector. According to a report by Financial Times, JPMorgan has historically maintained a rule preventing clients from using stock in newly public firms as loan collateral within the initial 135 days of a listing.