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Excelsio Media by Nelson Alarcón - alarcónnelson

U.S. banks set aside billions for potential loan losses

U.S. banks set aside billions for potential loan losses
The pandemic slammed results released Tuesday by three big U.S. banks. JPMorgan Chase and Wells Fargo are each setting aside roughly $10 billion in reserves and Citigroup nearly $6 billion to cover potential loan losses due to the coronavirus crisis.


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