The SIPC said with the distribution of $506.2 million to victims in the liquidation of Bernard L. Madoff Investment Securities, a total of $5.4 billion will now have been distributed to BLMIS customers with allowed claims. read more

APR 2, 2013 - 7:05 am

The Wall Street Journal reported that based on an SEC filing described as “grim,” numerous people involved in the Dell deal said the company was increasingly fighting for market share in an industry that appeared to be on a downward spiral. read more

APR 1, 2013 - 7:25 am

Bloomberg reported that a group of banks won dismissal of antitrust lawsuits by plaintiffs claiming they were harmed by the rigging of the LIBOR rate. read more

APR 1, 2013 - 7:15 am

Federal bank regulatory agencies released updated supervisory guidance on leverage lending, which has been increasing since 2009 after declining during the financial crisis. read more

MAR 29, 2013 - 7:10 am

Puget Sound Bank said it signed an agreement to acquire Core Business Bank. Both banks are headquartered in Bellvue, WA and each bank boasts the highest percentage of C&I loans to total loans in the state. read more

MAR 26, 2013 - 6:05 am

The Financial Times reported that U.S. lawmakers are considering limiting the tax deductibility of interest payments for businesses, a measure that would dramatically transform corporate finance by reducing the bias towards debt in the tax code. read more

MAR 25, 2013 - 7:15 am

Bloomberg reports that JPMorgan clawed back more than $100 million in pay from managers responsible for its record trading loss. Bloomberg also notes JPM’s board continues to back Jamie Dimon in his dual roles as chairman and CEO. read more

MAR 25, 2013 - 7:05 am

The Wall Street Journal reported that JPMorgan was downgraded in a confidential government scorecard over concerns about the company’s management and its board. read more

MAR 20, 2013 - 7:35 am

LeaseTeam, an end-to-end software solution provider to the equipment finance industry, announced that Susquehanna Commercial Finance has gone live with ASPIRE, becoming LeaseTeam’s 40th successful ASPIRE install. read more

MAR 20, 2013 - 7:15 am

The ICBA said there is mounting evidence that too-big-to-fail financial institutions pose risks to the financial system and receive favorable treatment from regulators. read more

MAR 20, 2013 - 7:10 am

The Wall Street Journal reported that Citigroup agreed to pay $730 million to settle claims that it misled investors in bond and preferred-stock offerings. read more

MAR 19, 2013 - 7:25 am

In her weekly column in the Sunday NY Times, Fair Game columnist, Gretchen Morgenson, writes that the Senate report detailing the trading fiasco at JPMorgan shows that the financial system is “at greater risk than you know thanks to dissembling traders and bumbling regulators.” read more

MAR 18, 2013 - 7:35 am

Bloomberg reported that when JPMorgan Chase started losing big on its London Whale trade last year, traders and executives all the way up to the chief executive officer seemingly had trouble facing the painful reality read more

MAR 18, 2013 - 7:05 am

Bill Loving, chairman of the Independent Community Bankers of America, told community bankers gathered at a recent convention that regulatory relief will be his top priority as ICBA chairman. read more

MAR 18, 2013 - 7:00 am

Bloomberg reported that JPMorgan’s efforts to hide trading losses, outlined in a Senate report, may ignite debate over whether the largest U.S. bank is too big to manage. read more

MAR 15, 2013 - 7:35 am