Ties credit rating to outcome of U.S. debt limit negotiations.
As negotiations over raising the federal debt ceiling drag on, the lack of a deal is starting to have side effects. Late Thursday, Fitch Ratings announced it had placed Fannie Mae’s and Freddie Mac’s debt ratings on Ratings Watch Negative (RWN). The announcement followed Fi...
Acquired the bank earlier this month after it was seized by federal regulators.
Less than a month after acquiring failed First Republic Bank, JPMorgan Chase & Co. plans to reduce the bank’s staff by 15%, or about 1,000 workers. According to published reports, the nation’s largest bank by assets on Thursday offered full-time or temporary roles to ne...
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