Jamie Dimon, CEO of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, D.C., on March 12, 2025. Al Drago | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon said Tuesday that bankruptcies in the U.S. auto market are a sign that corporate lending standards grew too lax in the past decade-plus. Dimon, the longtime …
Read More »
Once one of the largest U.S. pharmacy chains, Rite Aid closed its final locations Friday, marking the end of a failed comeback attempt. The company emerged from bankruptcy in September 2024 after shuttering hundreds of stores, but less than a year later, it filed for bankruptcy again. In May, Rite Aid said it had secured $2 billion in financing as …
Read More »
The number of farm operations filing for bankruptcy remains at historically low levels but has jumped sharply this year as a crisis in the agricultural economy drags on. In the second quarter, there were 93 filings, according to the Federal Reserve Bank of Minneapolis, up from 88 in the first quarter and nearly double the 47 at the end of …
Read More »