JPMorgan-led banks reduced their credit facility to FS KKR Capital by about $648 million, a 14% cut, while increasing borrowing costs. This move came just before KKR announced a $300 million support package to stabilize the troubled fund, which reported $560 million in first-quarter losses and a rise in non-accrual loans to 8.1%. The fund’s shares have dropped nearly 50% over the past year, reflecting deep portfolio stress and a Moody’s downgrade to junk status. Despite these challenges, KKR is injecting equity and buying back shares to support the fund, while lenders have adjusted terms to allow more loss absorption, signaling expectations of further asset declines.
JPMorgan CEO Jamie Dimon warned that the bank could reconsider its multibillion-dollar London headquarters expansion if the UK government imposes higher taxes and stricter regulations on banks. Dimon highlighted that JPMorgan has already paid about $...
J.P. Morgan Chase is set to launch its retail banking services in Berlin, Germany, after overcoming regulatory challenges related to EU standards and local tax rules. The bank's initial offering will focus on overnight savings accounts, a strategy ai...
JP Morgan CEO Jamie Dimon said the bank might rethink its planned multibillion-dollar office tower in London's Canary Wharf if UK Prime Minister Keir Starmer is replaced. The project, announced late last year, aims to house 12,000 employees and is co...
US gold exports reached an all-time high of $320.9 billion in March 2026, contributing significantly to a three-month streak of exports above $300 billion. This surge was fueled by large shipments of gold bars processed in US vaults, originally impor...
Anthropic developed Mythos, an AI model that identifies thousands of long-standing security vulnerabilities across major software platforms, prompting the company to restrict its release. This discovery led to an emergency meeting with US financial l...
