Banks Prepare for Possible El Nino Shock, Weighing Loan Relief Measures

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Analysts at JPMorgan Chase and Citigroup have published research linking the El Nino weather pattern to heightened financial risks. The concern extends beyond the agriculture sector alone, affecting a wider range of borrowers and lending activity. The reports suggest banks are considering how such a shock could strain their loan portfolios. The article's framing points to possible responses such as loan holidays or debt relief. The source text available is limited, so further details on specific measures or timelines are not provided.

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