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0.000190701081785717 0.000607534047437555 -0.000102124076584705 -0.00231029671212576 -0.0134605785433147 -0.00658283461005807 -0.00789273220461918 -0.000434548366692189
Stock impact report

UPDATE 1-Pandemic exposing 'cracks' in financial system, bank losses likely' -IMF [Reuters]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Reuters
Pandemic exposing 'cracks' in financial system, bank losses likely': IMF WASHINGTON (Reuters) - The novel coronavirus outbreak has exposed “cracks” in the global financial system and “will likely” see banks suffer both credit losses and market losses that will test their reserves, the International Monetary Fund (IMF) warned on Tuesday. The world’s largest multilateral lender cautioned that while banks have built up strong capital and liquidity buffers, and passed regular stress tests, since the 2007-2009 financial crisis, the potential for a long and severe downturn will put the firms to the test. “This crisis presents a very serious threat to the stability of the global financial system,” the IMF wrote in its Global Financial Stability Report ahead of its virtual summit with the World Bank in place of its usual spring gathering. “Today, of course, we are in the very adverse economic scenario ... we do expect that most banks and most banking systems are going to be stable,” said Tobi Show less Read more
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