UPDATE 1-Greece working on plans to help banks tackle bad debt mountain - sources [Reuters (UK)]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
Greece working on plans to help banks tackle bad debt mountain: sources | Reuters 3 Min Read ATHENS (Reuters) - Greece is working on at least two different plans to provide asset protection to help its banks offload sour loans, bankers and sources close to the matter said on Tuesday. A source close to the consultations said the Greek government had asked JP Morgan to come up with a plan for an asset protection scheme and the Greek central bank also had a plan on how to tackle the banks’ mountain of bad loans. “Both the central bank and the government are looking at initiatives to help banks reduce their non-performing loan portfolios,” the source told Reuters. The JP Morgan plan would not necessarily rival that put forward by the central bank, the source added. They could complement each other. Another source said the central bank’s proposal had been presented to the Greek government and to the country’s international lenders and was expected to be presented publicly in the coming day
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 4/23/24 - Form 424B2
- 4/23/24 - Form 424B2
- 4/23/24 - Form FWP
- JPM's page on the SEC website