J.P. Morgan Chase & Co. recently approached U.S. regulators about potentially buying back more of its shares but the giant bank was told it might not get the answer it wanted, according to people familiar with the situation.
J.P. Morgan decided against submitting a formal application following the Fed's discouraging feedback. But it isn't the only big, healthy bank clashing with regulators over how it may spend its money. MetLife Inc., whose holding company operates under a banking charter, said this week that its request to raise its dividend for the first time in four years had been rejected by ...
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