“The way COVID-19 could pull down the global economy: one estimate said 195 million could lose their jobs worldwide under the assumption that we can flatten the curve”

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Exclusive: JPMorgan Chase to Raise Mortgage Borrowing Standards as Economic Outlook Darkens

NEW YORK (Reuters) – JPMorgan Chase & Co , the country’s largest lender by assets, is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the novel coronavirus disruption.

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