JPMorgan Takes a Step Back
So much for those two new jets and a "state-of-the-art" airplane hanger in Westchester—for the time being, at least. A spokesman for JPMorgan Chase now says the bank has no plans to move forward with the deal as long as it is holding on to taxpayer money: "We will not purchase any replacement plane or make any related expenditure until after we have repaid TARP funds in full." [NYT/Dealbook]