UPDATE 1-JPMorgan CEO: bank will again boost credit reserves in second quarter
JPMorgan Chase & Co
Chief Executive Officer Jamie Dimon said on Tuesday that he
expects the bank will boost its credit reserves again in the
second quarter by an amount “roughly equivalent” to the $7
billion it added in the first quarter to protect the bank from a
potential wave of loan defaults.
Chief Executive Officer Jamie Dimon said on Tuesday that he
expects the bank will boost its credit reserves again in the
second quarter by an amount “roughly equivalent” to the $7
billion it added in the first quarter to protect the bank from a
potential wave of loan defaults.
Posted by Reuters
