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CFOs On the Move: Week Ending July 1
McDonald’s, Dollar Tree, GoFundMe, Stride, Otis, Intrusion, Monogram Health, Mass Luminosity
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Lauren Muskett
| July 1, 2022
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loan loss reserves
Credit & Capital
Low Rates, Fewer Loans Cut BofA’s 4Q Profits
Bank of America's results were helped by an $828 million release from its reserves for expected loan losses.
By
Matthew Heller
| January 19, 2021
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Financial Performance
U.S. Banks’ Profits Sink 69% to $18.5B in Q1
Banks diverted earnings to reserves for "newly risky loans as the coronavirus tanked credit health and plunged the U.S. into a recession."
By
Matthew Heller
| June 17, 2020
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Regulation
New Loss Accounting Rule Will Dent Some Banks’ Capital Levels
Banks with large portfolios of consumer loans and high loan-to-asset ratios may take the worst hits, according to S&P Global Ratings.
By
Vincent Ryan
| March 26, 2019
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Risk
Synchrony Loss Warning Jars Market
Is a new round of consumer credit losses on the way for financial institutions?
By
Matthew Heller
| June 15, 2016
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Risk
Wells Fargo’s Q1 Profit Falls
The banking giant was forced to add $200 million to loan-loss reserves as its oil and gas portfolio deteriorated.
By
Katie Kuehner-Hebert
| April 14, 2016
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