JPMorgan takes tougher stance after exiting TARP

07/15/2009 | Wall Street Journal, The

JPMorgan Chase, bolstered by leaving the government's Troubled Asset Relief Program, is gearing up for battle against proposed derivatives regulations and negotiations regarding the value of its warrants held by the Treasury. The bank's renewed attitude comes as it is on the verge of reporting strong second-quarter results. "While some banks have spent the cycle shrinking to survive, JPMorgan has been investing, acquiring and expanding," said banking analyst John McDonald of Sanford C. Bernstein & Co.

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Wall Street Journal, The

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