R3 Funding Leak Reveals JP Morgan Among 7 Banks Out of Deal

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As many as seven of the original 42 members of the R3CEV banking consortium have yet to express interest in funding the startup’s ongoing $150m funding round, leaked documents reveal.

Released on PasteBin this morning (and confirmed by sources close to the deal), the text details a list of the banks that have expressed interest in participating in the funding, how much each could invest and the names of seven banks that are alleged to have opted-out.

The list of banks includes names that have confirmed they are no longer participating in the consortium, including Banco Santander and Goldman Sachs, as well as those that were previously rumored to have withdrawn (such as Morgan Stanley and National Bank Australia) but that have yet to publicly respond.

New banks that have reportedly yet to submit a bid as part of the funding including JP Morgan, Macquarie Group and US Bancorp, though it is unclear if they are out of the consortium officially or if they have yet to confirm interest.

Representatives of Macquarie and US Bancorp did not respond to inquires for more information at press time.

Officials at JP Morgan declined to comment when reached.

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Read more ... source: CoinDesk

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