UPDATE 1-JPMorgan CEO: bank will again boost credit reserves in second quarter
May 26, 2020 at 14:07 PM EDT
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank will boost its credit reserves again in the second quarter by an amount "roughly equivalent" to the $7 billion it added in the first quarter to protect the bank from a potential wave of loan defaults.