ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent ...
Read More »JPMorgan pulls back on high-risk consumer loans
Bloomberg JPMorgan Chase & Co. has been pulling back from some higher-risk pockets of the consumer credit market, concerned about how those types of borrowers will hold up in an economic downturn. The bank has been avoiding subprime auto finance and cut back on long-duration car loans, according to Gordon Smith, chief executive officer of JPMorgan’s consumer-banking unit. The company ...
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