Bloomberg reported that JPMorgan Chase CEO Jamie Dimon spent much of his time at a hearing where U.S. senators aimed to put him on the defensive firing back at the federal regulatory system. read more

JUN 14, 2012 - 7:20 am

Today (6/13/12), Senate Banking Committee Chairman Tim Johnson held a hearing entitled “A Breakdown in Risk Management: What went wrong at JPMorgan Chase?” read more

JUN 14, 2012 - 7:05 am

JPMorgan Chase CEO Jamie Dimon told Congress the bank let traders take risks they didn't understand while he didn't answer key questions about more than $2 billion in trading losses, Bloomberg reported. read more

JUN 13, 2012 - 7:10 am

In his testimony before the Senate Banking Committee, OCC chief Thomas Curry said the agency is evaluating the compensation process of the CIO and will assess the bank’s determination on “claw backs” as part of that analysis. read more

JUN 7, 2012 - 7:35 am

Banc of America Leasing has hired a ski-lift service and construction company to dismantle and remove a high-speed chairlift from bankrupt Tamarack resort. read more

JUN 5, 2012 - 7:30 am

De Lage Landen said that with 37,000 nautical miles under their belts, its corporate staff will set off on the final New York to Southampton, England leg of the Clipper Round the World Race on June 7. read more

MAY 31, 2012 - 7:00 am

The Monitor and monitordaily office will be closed on Monday, May 28 in observance of Memorial Day, and we will return on Tuesday, May 29 to bring you our coverage of the equipment leasing and finance industry. read more

MAY 25, 2012 - 7:35 am

According to story that appeared in The New York Times, Ina Drew, head of JPMorgan's investment office, is said to have been frequently absent from the office during the period when her unit was making riskier bets, which allowed internal divisions and clashing egos to come to the fore. read more

MAY 22, 2012 - 7:05 am

In a report, Fitch Ratings estimates that the 29 global systemically important financial institutions, which as a group represent $47 trillion in total assets, may need to raise roughly $566 billion in equity to satisfy new Basel III capital rules. read more

MAY 21, 2012 - 7:20 am

The National Equipment Finance Association said that Lori A. Dean, CLP, equipment finance operations manager, VP at Arvest Equipment Finance, is the chairperson for NEFA's 2012 Funding Symposium to be held September 13-15, in Washington, DC. read more

MAY 21, 2012 - 7:15 am

In a statement, the FDIC issued a statement on behalf of the Fed, FDIC and OCC to provide clarification of supervisory expectations for stress testing for banks with $10 billion or less in total assets. read more

MAY 21, 2012 - 7:10 am

Bloomberg reported that Hewlett-Packard is considering cutting as many as 25,000 jobs, or 8% of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services. read more

MAY 18, 2012 - 8:20 am

In a feature story, CFO provides insights into how JPMorgan's experience with a $2 billion trading miscue provides a lesson in how not to protect against potential losses. read more

MAY 18, 2012 - 8:15 am

In an opinion piece appearing on CFO.com, Scott Berquist at Silicon Valley Bank notes leverage can be a powerful tool, but optimizing its application requires some calculus of cost versus benefit. read more

MAY 15, 2012 - 8:24 am

JPMorgan Chase announced that Ina Drew will retire from the firm. Matt Zames will succeed Drew as the firm's CIO. Mike Cavanagh, CEO of bank's treasury & securities services group, will lead a team to oversee a firm-wide response to the recent losses in the CIO. read more

MAY 14, 2012 - 10:53 am