London Whale Resurfaces in Potential U.S. JPMorgan Case
Bloomberg reported that Bruno Iksil, the former JPMorgan trader whose bets caused more than $6.2 billion in losses last year, is now central to any U.S. charges against his former colleagues.
Bloomberg reported that Bruno Iksil, the former JPMorgan trader whose bets caused more than $6.2 billion in losses last year, is now central to any U.S. charges against his former colleagues.
Bloomberg reported that JPMorgan Chase is negotiating final terms of a deal with regulators to end a yearlong probe of derivative bets that led to the bank’s biggest trading loss ever.
Bloomberg reported that JPMorgan is under federal criminal investigation for practices tied to sales of mortgage-backed bonds that the Justice Department has already concluded broke civil laws.
Bloomberg reported that MF Global reached a settlement giving it a share of JPMorgan Chase’s recovery on a $60 million claim against the holding company’s brokerage.
Actuant extended its senior credit facility to 2018. JPMorgan served as administrative agent; BofA, Wells Fargo and U.S. Bank served as syndication agents; and KeyBank and BMO Harris Bank served as documentation agents.
Barclays announced that Tushar Morzaria will be appointed as group finance director succeeding Chris Lucas who is retiring. Morzaria is currently CFO, Corporate and Investment Banking at JPMorgan Chase.
Antero Resources said the lender commitments under its bank credit facility increased to $1.45 billion. The bank syndicate is co-led by JPMorgan Chase Bank and Wells Fargo Bank.
Groupe Casino said it has signed a five-year confirmed credit facility for $1 billion with a group of ten international banks. JPMorgan and RBS acted as the coordinating banks.
NuStar GP Holdings entered into a new revolver with JPMorgan serving as administrative agent and SunTrust Bank as syndication agent. The facility, which has a borrowing capacity of up to $40 million, replaces the company’s existing facility.
Content Media announced the renewal of its $40 million senior revolving credit facility, led by the Entertainment Industries group of JPMorgan, with SunTrust as syndication agent, further supported by Manufacturers Bank.