loan loss reserves
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.
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."
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.
Synchrony Loss Warning Jars Market
Is a new round of consumer credit losses on the way for financial institutions?