JPMorgan puts another $500 million aside for energy sector woes

(Reuters) – 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.
An additional $1.5 billion will have to be reserved if oil prices remain at $25 or below for 18 months.

Original Article: http://feeds.reuters.com/~r/reuters/businessNews/~3/Jv3sGXD0LmY/story01.htm

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