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Regulators on alert on US bank loan boom

Watchdogs worry that competition to win business will spur banks to offer loans at dangerously low rates and put further pressure on margins

US banks’ corporate loans spark risk fears

Industry warns some lenders are dramatically cutting the terms and interest rates at which they offer business loans as they seek to boost profits

Citi unit exits Bloomberg chat groups

US bank highlights concerns over online security, with the financial data provider under fire amid fears its journalists accessed private details

JPMorgan appoints global co-heads of M&A

Move acknowledges increasing prominence of crossborder dealmaking, even as overall M&A volumes continue to decline in wake of global financial crisis

JPMorgan investors take heat off Dimon

People familiar with early voting patterns say investor proposal to strip chief of role as chairman is on track to gather less than 50% of vote

Related content and features

Comment and analysis

Brown-Vitter is another example of how not to fix the banks

Instead of the American tax code taking a whack out of big finance’s equity, there should be introduction of a tax on bank debt, says Mark Roe

KeyCorp: cut and pay

Once the regional US bank reaches its goal it will need to aim lower to keep boosting the share price

JPMorgan: blubber ahoy

US bank will not like bowing to populist pressure, but surely it should reshuffle now while markets are calm and the breeze steady

Daydreams of supervising Dimon

Amid talk that JPMorgan might find an independent chairman, I find it difficult to think of an actual person who could oversee its chief

Standard Chartered: anything but standard

Not all is going well at the emerging markets-focused bank, but management remains sanguine

BofA/MBIA: case closed

Deal gives MBIA’s muni business a shot at a future and alleviates the risk that BofA’s $8.5bn deal with investors might unravel

Earnings news

Morgan Stanley

April18: A slowdown in trading activity in the first quarter lead the securities group to report lower revenues, but cost controls help it record higher profits

Goldman Sachs

April 16: Net income at the US bank rises 7% to $2.3bn in the first quarter, as an uptick in corporate debt issuance offsets a decline in trading revenues

Bank of America

April 17: Second-biggest US bank reports a decline in revenue in consumer, mortgage and investment banking divisions, and further clean-up costs over bad loans

Citigroup

April 15: Analysts had expected about $3.5bn and the outperformance was driven by a strong investment bank result and an improving credit outlook in North America

Wells Fargo

April 12: The record profit for the bank came despite a revenue decline of 2 per cent to $21.3bn as margins were squeezed by low interest rates

    JPMorgan

    April 12: Jamie Dimon warns that despite signs the US economy is “healthy and getting stronger”, “loan growth across the industry has been softer this quarter’’

      Multimedia

      Changing landscape of US banks

      An interactive timeline focusing on three of the largest bank mergers in decades that took place in the aftermath of the collapse of Lehman Brothers

      Stress tested

      Interactive chart: see how large US banks would fare under adverse conditions according to the Fed’s Supervisory Capital Assessment Program

      Changing landscape of US banks

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