U.S. bank profits to tumble on higher bad loan reserves - Reuters.com

Second quarter profits at big U.S. banks are expected to fall sharply from a year earlier on increased loan loss reserves, as the pandemic recovery gives way to a possible recession.

NEW YORK, July 11 (Reuters) - Second quarter profits at big U.S. banks are expected to fall sharply from a year earlier on increased loan loss reserves, as the pandemic recovery gives way to a possib… [+4320 chars]

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