Finance

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U.S. bank JPMorgan Chase says its stress test exam result should be worse than what the Federal Reserve disclosed ( www.jpmorganchase.com )

After the Federal Reserve disclosed JPMorgan Chase's stress test results 2024, the bank said in a statement that the Fed's projections for a particular asset - the 'Other Comprehensive Income (“OCI”) - was overestimated....

China’s risky answer to wall of debt is more debt ( www.reuters.com )

China’s economy is buried under a great wall of debt and Xi Jinping’s answer is to add more bricks. The president has sanctioned an extraordinary programme of borrowing by the central government to steer the $18 trillion behemoth to “high quality development”. In doing so, he is piling risk onto the country’s last...

China’s credit engine, which once powered industries and markets all over the world, is stuck in low gear – and set to stay there ( www.bloomberg.com )

Data for May due this week is forecast to show a resumption of loan growth after a shock contraction in April, the first for almost two decades. But nobody expects a return to the days when Beijing would engineer borrowing booms to speed up the world’s second-biggest economy....

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