David Hendler

David Hendler News

  • Banks Use $1.77 Trillion to Double Treasury Purchases

    The gap between U.S. bank deposits and loans is growing at the fastest pace in two years, providing lenders with more funds to buy bonds and temper the biggest sell-off in Treasuries since 2010.

  • JPMorgan Promotes Zames to Co-COO, Gives Staley New Role

    JPMorgan Chase & Co., grappling with a $5.8 billion trading loss and a securities-industry slump, promoted Matt Zames to co-chief operating officer in a management shuffle that replaced the head of its investment bank.

  • JPMorgan Promotex Zames to Co-COO Amid Bank Restructuring

    JPMorgan Chase & Co., grappling with a $5.8 billion trading loss and a securities-industry slump, promoted Matt Zames to co-chief operating officer in a management shuffle that replaced the head of its investment bank.

  • BofA’s Debt Cuts Leave 3-Year Capital Cushion: Corporate Finance

    Bank of America Corp.’s record $53 billion reduction of long-term debt in the second quarter will help the lender go three years without needing to tap the bond market, the biggest cushion in its history.

  • JPMorgan Silence on Risk Model Spurs Calls for Disclosure

    JPMorgan Chase & Co.’s multibillion- dollar trading loss exposed an industry practice that U.S. regulators are now likely to clamp down on: Banks keep investors in the dark about how they calculate trading risks.

  • Goldman Sachs Aims for Top Five in High Yield, CreditSights Says

    Goldman Sachs Group Inc. aims to become one of the top five underwriters of high-yield debt because that’s more profitable than selling bonds issued by less-risky borrowers, said a report by CreditSights Inc.

  • Morgan Stanley Capital Boost Wins No Respect From Moody’s

    Regulators and investors have touted higher capital ratios as the path for banks to restore confidence. Morgan Stanley, the best-capitalized Wall Street firm, is proving that’s not enough.

  • JPMorgan’s Iksil Said to Take Big Risks Long Before Loss

    JPMorgan Chase & Co. trader Bruno Iksil, known as the London Whale because his bets this year were so large, has been a leviathan of a risk-taker since at least 2010, a person with knowledge of the matter said.

  • Fed to Study How Banks Manage Cash After JPMorgan Loss

    JPMorgan Chase & Co.’s $2 billion trading loss has prompted the Federal Reserve Bank of New York to examine how banks in its district are managing cash after receiving a flood of deposits since the credit crisis, according to a person familiar with the matter.

  • Moody’s Defied as Banks Advance Among Investors

    When Moody’s Investors Service greeted the start of summer by lowering the credit ratings on 15 of the world’s largest banks, citing the increased chance of “outsized losses,” major newspapers dutifully reported the event with headlines such as “Move Adds Pressure to Borrowing Costs,” “Downgrades Add to Market Jitters” and “Mark of Greater Risk.”

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