Fitch and Standard & Poor Ratings Services each downgraded their assessment of JPMorgan Chase after the bank disclosed a surprise trading loss in a portfolio designed to hedge against risks. read more

MAY 14, 2012 - 8:54 am

The Washington Post said JPMorgan CEO Jamie Dimon acknowledged in an interview on "Meet the Press", the bank was "dead wrong" to dismiss questions about reports that a trading group in London was taking outsize positions to hedge against risk. read more

MAY 14, 2012 - 8:49 am

Bloomberg is reporting that the entire London staff of JPMorgan Chase's chief investment office is at risk of dismissal as a $2 billion trading loss prompts the first executive departures as soon as this week. read more

MAY 14, 2012 - 8:46 am

China Daily is reporting that the Fed announced it has approved a move that would allow three major Chinese State-owned banks to extend their footprint in the U.S. read more

MAY 11, 2012 - 8:34 am

Bloomberg reported that JPMorgan Chase CEO Jamie Dimon said during a conference call after yesterday's market close the firm suffered a $2 billion trading loss after an "egregious" failure in a unit managing risks. read more

MAY 11, 2012 - 6:37 am

Bloomberg notes in a follow-up story that JPMorgan's $2 billion blowup is stirring debate among U.S. policy makers wrangling over the Volcker rule, complicating the job of CEO Jamie Dimon, who is leading the charge against the rule. read more

MAY 10, 2012 - 11:58 pm

Bloomberg reported that Moody's will this month start cutting the ratings of more than 100 banks, a move that risks pushing up their funding costs and forcing them to curb lending in a threat to economic growth. read more

MAY 9, 2012 - 8:16 am

According to a news report from commercial real estate information company CoStar Group, ATEL Capital is planning to move into new office space in the Transamerica Pyramid in San Francisco in the early fall. read more

MAY 4, 2012 - 7:20 am

Main Street Capital announced the expansion of total commitments under its credit facility from $235.0 million to $277.5 million to support its future investment and operational activities in the lower and middle markets. read more

MAY 3, 2012 - 7:15 am

According to a story that appeared on CFO.com, some treasurers are looking for the slightest pickup in returns on their short-term cash, provided the risk falls within corporate investment policies. read more

APR 30, 2012 - 8:10 am

The House has approved a bill to help small and rural businesses obtain loans and create jobs. The bill revises the Dodd-Frank Reform Act to provide smaller banks with relief from regulations governing a bank's ability to provide low-rate fixed loans to small businesses. read more

APR 27, 2012 - 7:30 am

According to a new report by The Boston Consulting Group, investment banks, beleaguered by macroeconomic uncertainty, pending capital constraints and negative publicity, will have to make hard choices if they hope to return to pre-crisis levels of performance. read more

APR 27, 2012 - 7:10 am

Bloomberg reported that Bank of America's backlog of pending demands for refunds on soured loans reached a record $16.1 billion as a dispute deepened between the bank and Fannie Mae. read more

APR 23, 2012 - 8:10 am

The FDIC reported that during the first quarter of 2012, a total of 16 U.S. banks failed, compared to 26 closures during the same period in 2011. The data shows that the closure rate has dropped by almost 40% compared to a year ago. read more

APR 16, 2012 - 8:25 am

Bloomberg noted in a story that two years ago after President Barack Obama vowed to eliminate the danger of financial institutions becoming "too-big-to-fail," the nation's largest banks are bigger than they were before the credit crisis. read more

APR 16, 2012 - 8:15 am