Business2 sources
El Niño Impact: Banks Review Loan Terms for Affected Clients
- JPMorgan Chase & Co. and Citigroup are among banks analyzing El Niño's impact on loan risks.
- Research links El Niño to increased risks beyond agriculture, affecting various sectors.
- Banks are reviewing loan terms for clients in El Niño's path to mitigate potential financial impacts.
- The reassessment aims to address heightened risks stemming from El Niño's effects.
- No specific financial figures or client details have been disclosed.