JPMorgan Chase announced new and increased responsibilities for a number of key executives that will build upon the company’s successes and continue to position the firm for the future.
Jennifer Piepszak, Co-Chief Executive Officer of Consumer and...
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January 26, 2024, 07:15 AM
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Corcentric, a global provider of procurement and finance solutions, announced it secured a new $315 million senior credit facility. The capital raise consists of a $250 million senior secured asset-based loan revolver from Bank of America and...
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June 14, 2023, 07:17 AM
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JPMorgan Chase announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). In carrying out this transaction...
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May 01, 2023, 07:23 AM
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The majority of small and midsize U.S. business leaders anticipate a recession in 2023, according to JPMorgan Chase’s 2023 annual Business Leaders Outlook survey released today. In total, 65 percent of midsize businesses and 61 percent of small...
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January 05, 2023, 07:15 AM
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JPMorgan Chase announced it is now able to accept government deposits in all 50 U.S. states. This milestone is significant because most states require or encourage banks to have a local branch presence to be eligible to receive or hold government...
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October 18, 2022, 07:05 AM
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As the U.S. economy faces decades-high inflation, soaring interest rates and continued supply chain and labor shortages, midsize business leaders across the country are increasingly cautious in their economic outlooks, according to JPMorgan Chase’s...
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June 28, 2022, 06:45 AM
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Small and midsize U.S. business leaders remain confident in their companies and resourceful in their approaches to confronting macroeconomic challenges that have created growing pains over the last year, finds JPMorgan Chase’s 2022 Business Leaders...
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January 05, 2022, 07:15 AM
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JPMorgan Chase Commercial Banking announced a new Green Economy specialized industry team, which will provide dedicated banking services and expertise to companies that produce environmentally friendly goods and services or focus on environmental...
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April 09, 2021, 07:20 AM
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J.P. Morgan announced James Roddy as the new Global Head of Corporate Client Banking & Specialized Industries (CCBSI), Commercial Banking. Roddy will report directly Doug Petno, CEO of Commercial Banking at JPMorgan Chase.Roddy was the Co-Head of...
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December 22, 2020, 07:15 AM
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Most small and midsize U.S. business leaders expect continued growth for their companies this year amid a less robust economic environment, according to the annual JPMorgan Chase Business Leaders Outlook survey.Three out of four businesses – 76...
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January 13, 2020, 07:19 AM
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Aviation Capital Group LLC (ACG), a leading aircraft operating lessor, announced the upsize, amendment and extension of its five-year unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders named...
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June 10, 2019, 07:10 AM
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Jam City, Inc., a leader in mobile entertainment, announced $145 million in strategic financing jointly led by JPMorgan Chase Bank, N.A. and Bank of America Merrill Lynch, and a syndicate of lenders including Silicon Valley Bank, SunTrust Bank and...
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January 17, 2019, 07:20 AM
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Most small and midsize U.S. businesses have a positive outlook for the domestic economy and expect their businesses to continue growing this year, according to the annual JPMorgan Chase Business Leaders Outlook report.They’re most optimistic about...
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January 07, 2019, 07:30 AM
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JPMorgan Chase’s Commercial Bank announced the launch of the Franchise and Restaurant Group within its Middle Market Banking & Specialized Industries (MMBSI) business and appointed Michael Pura, a seasoned banker, to lead the effort.The Franchise and...
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November 13, 2018, 07:25 AM
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JPMorgan Chase Commercial Banking announced the launch of the Emerging Growth industry group within Middle Market Banking & Specialized Industries (MMBSI) and appointed Alton McDowell, a veteran banker, to lead the effort. The industry group is an...
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September 20, 2018, 07:12 AM
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Tiger Rental Group, LLC has refinanced its $160 million credit facilities, consisting of a $100 million senior first lien term loan with Orion Energy Partners, L.P. and a $60 million working capital revolving credit facility with JPMorgan Chase Bank...
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August 13, 2018, 07:10 AM
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Ascentium Capital LLC announced the addition of another financial firm, JP Morgan Chase Bank, to its existing lender group which also includes Bank of America, Credit Suisse and Bank of Montreal/Harris Bank. These strategic, multi-year credit...
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August 07, 2013, 06:49 AM
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Bloomberg reported the biggest U.S. banks including JPMorgan Chase & Co. and Citigroup Inc. are lending the smallest portion of their deposits in five years. The reports cites data compiled by Credit Suisse Group AG which shows the average...
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February 21, 2013, 07:29 AM
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JPMorgan Chase reported record net income for third-quarter 2012 of $5.7 billion, compared with net income of $4.3 billion in the third quarter of 2011. Earnings per share were a record $1.40, compared with $1.02 in the third quarter of 2011. The...
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October 12, 2012, 07:45 AM
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Bloomberg reported the U.S. Treasury is offering to sell $18 billion of American International Group Inc. (AIG) shares in a transaction that is likely to cut taxpayers’ stake in the firm to below 50% for the first time since its 2008 bailout....
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September 10, 2012, 07:40 AM
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Bloomberg reported M&T Bank’s $3.7 billion takeover of Hudson City Bancorp, the largest bank deal announced this year, solidifies the Buffalo, New York-based lender’s status as a hunter instead of the hunted. With Hudson City, M&T probably will rank...
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August 28, 2012, 07:30 AM
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Bloomberg reported that according to Barlclays Plc., GE Capital is poised to become a better risk than JPMorgan Chase in the $24.8 trillion credit-default swap market for the first time in more than four years. The Bloomberg report quotes Brian...
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August 15, 2012, 07:42 AM
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Bloomberg reported that JPMorgan Chase & Co. reported a larger than previously estimated $4.4 billion trading loss in its chief investment office, which helped drive second-quarter profit down 9%. The bank’s chief executive officer, Jamie Dimon had...
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July 13, 2012, 07:21 AM
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Reuters reported that nine of the largest global banks expressed confidence they can be salvaged or dismantled without taxpayer bailouts if they became insolvent, as U.S. regulators released public portions of these banks' "living wills".According to...
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July 05, 2012, 08:00 AM
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Bloomberg reported that JPMorgan Chase’s trading losses from credit derivatives trading may total as much as $9 billion according to a report issued by the New York Times. On May 10, JPMorgan Chief Executive Officer Jamie Dimon reported the bank lost...
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June 28, 2012, 07:45 AM
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Reuters reported that five of the largest U.S. banks are crafting plans for going out of business as part of the government-mandated contingency planning created by the Dodd-Frank financial reform law designed to end too-big-to-fail bailouts from the...
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June 27, 2012, 08:00 AM
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The following is an excerpt of the press release issued by Moody's Investors Service.New York, June 21, 2012 – Moody's Investors Service today repositioned the ratings of 15 banks and securities firms with global capital markets operations. The...
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June 22, 2012, 07:45 AM
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Bloomberg reported that Congress’s recent inquiry into the JPMorgan Chase & Co. $2 billion trading loss has again brought to light the question of whether banks can grow too large and complex for their executives to effectively oversee. According to...
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June 19, 2012, 07:55 AM
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Bloomberg reported JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told Congress the bank let traders take risks they didn’t understand, but did not answer questions about more than $2 billion in trading losses.According to the report, Dimon...
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June 13, 2012, 07:40 AM
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Bloomberg reported JPMorgan Chase & Co. lost about $2 billion on synthetic credit securities after an “egregious’” failure in its chief investment office, which the bank says focuses on hedging. Bloomberg News first reported April 5 that London-based...
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May 11, 2012, 08:00 AM
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Bloomberg reported the largest U.S. banks, including JPMorgan Chase & Co. and Goldman Sachs Group Inc., told the Federal Reserve that a limit on their credit exposure is unnecessary and “fundamentally flawed.” According to the report, the Federal...
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April 30, 2012, 07:30 AM
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Huntington Equipment Finance announced that Patricia Clifford has joined the Equipment Finance group as head of Syndication, Structuring and Pricing.Clifford brings more than 20 years of equipment finance industry experience to Huntington, including...
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April 18, 2012, 07:00 AM
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Reuters reported that executives of mid-sized U.S. businesses are more optimistic about the national economy than they were a year ago, and many now expect to need financing for investment, according to a survey by JPMorgan Chase & Co. JPMorgan...
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April 09, 2012, 08:00 AM
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Expanding its renewable energy portfolio in Texas, GE Energy Financial Services has joined JP Morgan to jointly invest $225 million in a partnership that owns the 662.5-megawatt Capricorn Ridge wind farm in West Texas. A subsidiary of NextEra Energy...
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February 29, 2012, 06:00 AM
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Bloomberg Businessweek reported the world’s largest banks have presented a list of changes to a proposed U.S. ban on proprietary trading, seeking to escalate the lobbying effort against the Volcker rule five months before it takes effect.According to...
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February 14, 2012, 07:30 AM
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Bloomberg reported that Bank of America Corp., JPMorgan Chase & Co., Wells Fargo, Citigroup and Ally Financial (GMAC) reached a $25 billion settlement with 49 states and the federal government related to abusive foreclosure practices in the wake of...
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February 10, 2012, 07:30 AM
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