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.
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.
The Commerce Department reported that U.S. exports year-to-date through April 2012 reached $725.8 billion, up 6% from last year. The report noted that manufacturing remains a bright spot.
Onset Financial has completed funding on an ethanol extraction facility for one of the nation’s top biofuel providers. Totaling $3.2 million, the project adds substantial increase in production capability for Onset’s client.
US Capital Partners expanded its range of services for small and lower middle-market companies to include equity financing options such as valuations and fairness opinions, pitch books, private placement memorandums, private capital raises, private stock sales and a variety of custom shareholder liquidity services.
Madison Street Capital acted as financial advisor in arranging a senior debt facility for its client, Investment Evolution Global Corp. The senior debt facility was provided by Boston Finance Group.
ABF Journal’s May/June 2012 edition, the ABL Marketplace Issue, has hit the streets and is on the way to your mailbox.
Partners Group acted as one of the mandated lead arrangers, on behalf of its clients, for the mezzanine debt financing of Germany-headquartered medical device supplier, BSN Medical in the acquisition of the business by EQT VI.
Bloomberg said, according to a Fed study, that the financial crisis wiped out 18 years of gains for the median U.S. household net worth, with a 38.8% plunge from 2007 to 2010 that was led by the collapse in home prices.
GE Capital, Franchise Finance said it provided a $7.1 million credit facility to Hishmeh Enterprises, a Domino’s Pizza franchisee. The funding includes a $5.6 million term loan to refinance existing debt and a $1.5 million development line of credit for growth capital.