Latest JPMorgan Chase & Co. (JPM) Scandal Goes Hollywood

The spigot opens, a little, then closes again
Two years ago, big banks started lending to Hollywood again — though fitfully, and for a premium. In early 2011, according to Bloomberg, senior loans were commanding 7.75%, compared with 5.6% just three years prior. Banks willing to lend were scarcer, too, but included former partners JPMorgan Chase & Co. (NYSE:JPM), Goldman, and Bank of America.

These days, though, investment money is coming less from big banks and more from hedge funds and overseas investors, according to Hollywood Reporter, noting that many banks would up with crummy deals that they hadn’t bargained for. With all that the banks have to contend with these days, it’s not surprising they’ve decided Hollywood drama is not something they really need.

The article Latest JPMorgan Scandal Goes Hollywood originally appeared on Fool.com.

Fool contributor Amanda Alix has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs. The Motley Fool owns shares of Bank of America and JPMorgan Chase.

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