JPMorgan Says Long-Term $25 Oil Means $1.5 Billion Reserve Boost

  • First-quarter reserve rise expected to be about $500 million
  • Sixty-one percent of oilfield-services exposure is rated junk

JPMorgan's Dimon: U.S. Consumer Wins From Low Oil Prices

JPMorgan Chase & Co., the biggest U.S. bank, said it would need to boost reserves for impaired energy loans by $1.5 billion if oil prices hold at about $25 a barrel over 18 months.

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