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JPMorgan chief raises alarm on weakening lending standards in annual shareholder letter
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was
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Rising costs in consumer unit are a ‘big part’ of overall increase in spending

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

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

US’s biggest bank also lifts loan loss provisions after agreeing to take over Apple’s credit card portfolio

JPMorgan Chase, Goldman Sachs and Citigroup buoyed by return of dealmaking

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