JPMorgan Ups Loan Loss Reserves Amid Uncertain Consumer Outlook J.P. Morgan Chase has reserved $428 million in additional funds to cover bad loans while also temporarily shelving share buybacks as the country's large bank posted a 28% drop in profits in the second quarter from a year earlier. In the bank's second-quarter earnings release, Chairman and CEO Jamie Dimon said a combination of record inflation, weaker consumer confidence, and geopolitical tension have led to an uncertain global economy and consumer outlook. BNPL Provider Affirm Teams With Ticket Platform SeatGeek BNPL provider Affirm and ticketing platform SeatGeek are working together to give fans more ways to access live entertainment. When fans pick Affirm at checkout, they can choose billing options for their tickets that range from monthly installments to four interest-free, biweekly payments.