US regulators insisted that JPMorgan Chase and American Express raise equity this week before repaying bail-out funds, despite objections from the banks, which claimed they did not need the money. The Fed imposed the requirement on JPMorgan and Amex because they were the only institutions that had passed recent “stress tests” but had not yet raised equity, said people close to the situation.

This entry was posted by Gwen Robinson on Friday, June 5th, 2009 at 5:41 and is filed under Capital markets. Tagged with amex, jpmorgan. Edit this entry.