SPAC roadblock - JPMorgan interns headed to the office - LatAm's booming bond market

Trading Floor - Salle des Marches - German bank, Hessen, Franckfort.
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Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

There's "congestion" in the PIPE market - here's what that means for SPACs.
JPMorgan's summer interns for two key business lines will likely work in the office.
Bankers at Goldman Sachs and Deutsche Bank explain why the Latin American bond market is booming.

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The SPAC M&A frenzy has finally reached its limits and a huge funding logjam is starting to form

SPAC popularity in real esate tech world 4x3 — Samantha Lee/Insider

PIPE, private investments in public equity, is a key piece of funding that SPAC sponsors sometimes rely on to raise extra capital in order to get transactions done. However, bankers and sponsors warn that PIPE funding has started to dry up in recent weeks.

Click here to read the entire story.

JPMorgan just told New York- and London-based investment-banking and sales and trading interns to get ready to head to the office for their summer programs

JPMorgan CEO Jamie Dimon
Getty Images

JPMorgan's incoming interns in two key business lines should prepare to head into the office. We've got the scoop on the bank's plans for New York- and London-based interns in its investment-banking and markets divisions. Read more here.