Bad oil loans send JPMorgan's profit falling

April 13, 2016
JPMorgan on Wednesday posted its first drop in profits since the final quarter of 2014. The largest U.S. bank increased its provisions for credit losses by 88%, driven mostly by the need to cover bad loans in the struggling oil and gas business.Recent podcasts: Sanders Demands Clinton Apologize | Guns in America | Radical Islam in America
Read more at:http://money.cnn.com/2016/04/13/investing/jpmorgan-first-quarter-earnings-oil-loans/index.html?section=money_topstories

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