JPMorgan Chase Sees Economic Turmoil Brewing, but Few Signs of Recession So Far

The nation’s biggest bank set aside $428 million in the second quarter to cover potential future loan losses, a signal it has grown more dour on the U.S. economic outlook. The bank also said it was temporarily suspending stock buybacks to retain more capital.

Read more…

spot_imgspot_img

Latest news

Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here