JPMorgan is showing caution in extending credit, according to Rohrbaugh. The bank is tightening lending standards as economic uncertainty looms. The move comes as a response to potential risks in the market, with JPMorgan taking a more conservative approach to managing credit risk. This shift reflects the bank’s strategy to protect itself from potential losses amid market volatility. Rohrbaugh’s statement emphasizes the importance of prudent risk management in the current economic climate.

Read more at Yahoo Finance: JPMorgan’s a Lot More Cautious on Credit, Rohrbaugh Says