Morning Scan: JPM's Loan Loss Reserves; Standard Chartered Ends...

Receiving Wide Coverage ...

JPM Raises Energy Loan Reserves: JPMorgan Chase executives sought to calm investors Tuesday after it announced plans to increase loan loss provisions for oil and gas by $500 million, which drove its share price down 4.2%. CFO Marianne Lake said JPM could have increased reserves 60% from the end of 2015 to $1.3 billion — the bank has done well in limiting its exposure to potential losses in the energy sector —...