The likelihood of a "fairly severe recession" forced JPMorgan Chase, the largest U.S. lender, to boost reserves against delinque

The likelihood of a "fairly severe recession" forced JPMorgan Chase, the largest U.S. lender, to boost reserves against delinquent loans by $6.8 billion. The likelihood of a "fairly severe recession" forced JPMorgan Chase, the largest U.S. lender, to boost reserves against delinquent loans by $6.8 billion as the coronavirus pandemic shut down broad swaths of the U.S. economy. "The banks are hunkering down," Kenneth Leon, an analyst with CFRA Research, told FOX Business' Maria Bartiromo. "The question is what is the ability of most borrowers to meet their monthly payments." More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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