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JPMorgan cuts unused credit as banks free up capital

JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp., the three biggest U.S. lenders, are among banks cutting back on $1.6 trillion of credit lines as they face increased demand for loans that threaten to drain capital. Banks used loan negotiations with retailers Rite Aid Corp. and Ethan Allen Interiors Inc., and with homebuilder ...

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