Russia's Polymetal plans a $650m float

Polymetal, Russia's largest miner of silver and gold, is preparing an initial public offering on the London Stock Exchange which could value the company at up to $2.5bn (€2.1bn). The company is expected to raise about $625m.

Banks, including Deutsche Bank UFG and Morgan Stanley are understood to have pitched for the deal. Lead managers are expected to be disclosed next week for a November flotation.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It