JPMorgan shares slide as bank says expenses will jump $9bn in 2026
Rising costs in consumer unit are a ‘big part’ of overall increase in spending
Rising costs in consumer unit are a ‘big part’ of overall increase in spending

Bank’s 10-year plan will help companies in defence, energy and other critical sectors raise funding

Concerns mount about hidden exposure to private capital firms and hedge funds in wake of credit market wobbles

Biggest US bank has moved to lock in higher yields ahead of central bank rate cuts

Devaluation of collateral will limit credit to firms that have become top lenders to higher-risk companies

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JPMorgan chief raises alarm on weakening lending standards in annual shareholder letter