LONDON (Reuters) – A fund set up to support small and medium-sized businesses aims to make around 25 investments this year, its chief executive said, as it looks to fill a gap left by banks cutting funding for thousands of growth companies.

Small businesses across Europe have been struggling to attract growth capital as banks, facing higher capital requirements, rein in lending.

LONDON (Reuters) – JPMorgan Chase & Co’s $2 billion-plus trading loss stems from an embarrassment of riches, as like other banks that came out well from the financial crisis it has surplus money burning a hole in its pocket.

Safe-haven banks – a category which also includes Britain’s HSBC Holdings Plc – are few and far between and have attracted a flood of client deposits, saddling them with the task of putting the money to work in a market where interest rates are close to zero.

NEW YORK/LONDON May 11 (Reuters) – JPMorgan Chase & Co
lost $15 billion in market value and a notch in its
credit ratings on Friday while a chorus of regulators and
politicians reacted to its surprise $2 billion trading loss by
demanding stiffer oversight for the banking industry.

The loss by one of Wall Street’s most respected banks
embarrassed chief executive Jamie Dimon, a leader lauded for
steering his bank through the fallout from the 2008 financial
crisis without reporting a loss.

NEW YORK/LONDON (Reuters) – JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for the banking industry.

Republican Senator Bob Corker of Tennessee called for a hearing into the losses that the largest U.S. bank disclosed Thursday, while Securities and Exchange Commission Chairman Mary Schapiro told reporters: “It’s safe to say that all the regulators are focused on this.”

NEW YORK/LONDON (Reuters) – JPMorgan Chase & Co’s shock trading loss of at least $2 billion from a failed hedging strategy knocked shares of the largest U.S. bank by assets down over 9 percent on Friday, along with the reputation of Chief Executive Jamie Dimon.

For a bank lauded for navigating the fallout from the 2008 financial crisis without reporting a loss, the errors are embarrassing, especially given Dimon’s criticism of the so-called Volcker rule to ban proprietary trading by big banks.

NEW YORK/LONDON (Reuters) – JPMorgan Chase & Co’s (JPM.N: Quote, Profile, Research) shock trading loss of at least $2 billion from a failed hedging strategy knocked financial stocks across the globe on Friday, as well as the reputation of the biggest U.S. bank by assets and its CEO Jamie Dimon.

For a bank lauded for navigating the fallout from the 2008 financial crisis without reporting a loss, the errors are embarrassing, especially given Dimon’s criticism of the so-called Volcker rule to ban proprietary trading by big banks.

NEW YORK/LONDON (Reuters) – JPMorgan Chase & Co’s shock trading loss of at least $2 billion from a failed hedging strategy knocked financial stocks across the globe on Friday, as well as the reputation of the biggest U.S. bank by assets and its CEO Jamie Dimon.

For a bank lauded for navigating the fallout from the 2008 financial crisis without reporting a loss, the errors are embarrassing, especially given Dimon’s criticism of the so-called Volcker rule to ban proprietary trading by big banks.

LONDON (Reuters) – Banks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems after Greece adopted the euro more than a decade ago and would be ready at the flick of a switch if its debt problems forced it to bring back national banknotes and coins.

From the end of the Soviet Union – which spawned currencies such as the Estonian Kroon and the Kazakh Tenge – to the introduction of the euro, they have had plenty of practice in preparing their systems to cope with change.

LONDON, April 19 (Reuters) – Europe’s banks are aggravating
the region’s economic woes by rapidly adopting tough new rules
for capital, raising the risk they will have no money left to
lend to companies and support economic recovery.

Bloated with risky loans and bad debts, banks are slashing
their assets, but this has so far failed to convince investors,
hurting the banks’ ability to source the capital they need to
lend to credit-starved customers.

ZURICH/LONDON (Reuters) – Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion for the sub-scale business.

Bank of America is the world’s largest wealth manager, but its non-U.S. arm — which two of the sources said manages some $90 billion for rich clients — is not large enough to generate enough money for the bank.