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8 Dec 2008, 9:38 pm
My guess is that the senior secured lenders, led by JP Morgan Chase, as agent for a host of banks and hedge funds in an $8.571 billion senior credit facility (compared with stated total assets of $7.6 billion), are balking at management's business plan for the near- and long-term, and have been unable to reach agreement with management over the terms by which the Trib and its subsidiaries would have access to cash to fund operations during the case. [read post]
8 Dec 2008, 12:12 pm
It was the afternoon of September 17, 2007 and the police were chasing Defendant 2 after he had allegedly robbed the East Bridgewater Savings Bank branch on County Road in Hanson. [read post]
5 Dec 2008, 11:31 pm
Across the country in Los Angeles, seven people face charges for a series of bank heists that relied on social engineer attacks aimed at credit card customers of Chase Bank. [read post]
5 Dec 2008, 8:44 pm
The new counts accuse Collins of helping Refco evade covenants in its revolving lines of credit from 1998 and 2003 in order to defraud a group of banks led by JPMorgan Chase Bank. [read post]
4 Dec 2008, 7:23 pm
The latest deal occurred Thursday morning when Capital One announced it was paying $520 million in cash and stock to acquire Chevy Chase Bank, which operates in the Washington area. [read post]
4 Dec 2008, 6:57 pm
It took three firms, but Capital One finally acquired Chevy Chase Bank, the largest bank in the Washington, D.C. region and a onetime Citigroup target. [read post]
4 Dec 2008, 5:22 pm
WaMu was seized by the OTS on September 25 and Chase bought its banking assets the same day. [read post]
2 Dec 2008, 2:18 am
All of the big names like Bank of America Corp, Citigroup Inc and JPMorgan Chase, which represent over half of the estimated credit card lines outstanding as of September 30, 2008 have discussed reducing card exposure or slowing growth. [read post]
25 Nov 2008, 10:15 pm
The labor funds have submitted proxy statement proposals to JPMorgan Chase, KeyCorp, Bank of America, American Express, and SunTrust Banks, and plan to submit proposals to more than 45 other firms planning to participate in the Troubled Asset Relief Program (TARP). [read post]
24 Nov 2008, 3:43 pm
The bailout includes a Fed program to buy as much as $2.4 trillion in short-term notes, called commercial paper, that companies use to pay bills, begun Oct. 27, and $1.4 trillion from the FDIC to guarantee bank-to-bank loans, started Oct. 14. [read post]
24 Nov 2008, 11:21 am
In layman's terms, law firms are serving as banks for their clients. [read post]
19 Nov 2008, 4:06 pm
Morgan Chase, Lehman's clearing bank, demanded that Lehman put up an additional $5 billion in capital as collateral. [read post]
18 Nov 2008, 3:46 pm
The labor funds have filed this resolution at JPMorgan Chase, KeyCorp, Bank of America, American Express, and SunTrust Banks, and plan to submit the proposal at more than 45 other firms. [read post]
18 Nov 2008, 3:55 am
That may be happening to one of the elephant herds in the mortgage banking business, Freddie Mac, whose irresistible force of loan buy-back demands appears to be meeting the immovable object of JPMorgan Chase. [read post]
17 Nov 2008, 11:00 pm
Flannery, Deutsche Bank John P. [read post]
15 Nov 2008, 2:31 pm
“It just doesn’t seem fair that the banks can put us into bankruptcy because of their failure to lend and then get a federal bailout, but then chase me personally and ruin a very good company and put 250 people out of work and affect thousands of property owners and leave them with uncompleted lots. [read post]
14 Nov 2008, 10:16 pm
Morgan Chase and Lehman Brothers served on the New York Fed board at the beginning of the credit crisis. [read post]
14 Nov 2008, 12:15 am
If I didn’t know any better I would assume that the movie was bank-rolled by Smirnoff! [read post]
13 Nov 2008, 4:10 pm
Morgan Chase & Co. and Citigroup Inc., the banking industry has announced measures to make loans more affordable. [read post]
13 Nov 2008, 9:20 am
Deutsche Bank declined to make Simpson available. [read post]
