JP Morgan highlights twin issues facing industry

US investment bank – considered a standard-setter for the rest of the industry – demonstrates two key challenges facing industry as it kicks off fourth-quarter reporting seasons

JP Morgan’s investment bank, considered a standard-setter for the rest of the industry, has kicked off fourth-quarter reporting seasons by showcasing two key challenges likely to impact its peers: a trading environment that remains subdued and a reversal of accounting gains booked three months earlier.

The US bank is the first of the top-tier banks to report figures for the fourth quarter - and is closely watched for warning signs concerning the rest of the industry due to its historically strong results since 2007.

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