US G-Sibs hike loan-loss provisions by $737m
Five banks increased PCLs in the fourth quarter of 2018, with JP Morgan leading the way
The eight systemically important US banks put aside an additional $737 million of provisions for credit losses in the last quarter of 2018 in aggregate, with JP Morgan's reserves jumping a whopping 63% alone.
The New York-based lender posted total PCLs of $1.55 billion at end-2018, up from $948 million at end-September and are now at their highest level since early 2016.
Aggregate provisions
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