JPMorgan puts another US$500 million aside for energy sector woes

Discussion in 'Market News' started by sniper-academy, Feb 23, 2016.


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  1. sniper-academy

    sniper-academy Administrator Staff Member

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    JP Morgan will set aside an additional half a billion dollars to cover potential bad loans to oil and gas companies in the first quarter, underlining the sharp deterioration in the U.S. energy sector.

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