JPMorgan warns First Brands fallout driving up banks’ funding costs
Concerns mount about hidden exposure to private capital firms and hedge funds in wake of credit market wobbles
Concerns mount about hidden exposure to private capital firms and hedge funds in wake of credit market wobbles

JPMorgan Chase, Goldman Sachs and Citigroup buoyed by return of dealmaking

Rising costs in consumer unit are a ‘big part’ of overall increase in spending

Bank denies earning undisclosed fees on financing provided to auto parts supplier through ‘side letter’

Devaluation of collateral will limit credit to firms that have become top lenders to higher-risk companies

Fund says tighter regulation of financing activity outside of traditional lending sector needed

Rapid growth of $2tn market has led to hastily done deals and hurried due diligence, say fund managers