Loan-loss provisions

Goldman predicts bumpy recovery, says problem loans could rise in 2Q

05/27/20

The economic contraction caused by the coronavirus pandemic has been worse than the Wall Street firm had modeled two months ago, its president John Waldron said Wednesday.

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Scotiabank earmarks $1.33 billion for bad loans in pandemic

05/26/20

The Toronto company also said it set aside 232 million this year for U.S. regulatory probes into the bank’s metals-trading practices and costs tied to the wind-down of that business.

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Record reserves for bad loans set to gut Canadian banks' profits

05/22/20

The second-quarter jump in provisions may be three to four times higher than a year earlier and will be mostly for loans that have yet to go bad, analysts said.

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Pad reserves or buy out a rival? BlackRock haul gives PNC options

05/15/20

The Pittsburgh company’s sale of its stake in the asset manager yielded billions of dollars that could cushion the pandemic’s economic blow and eventually help fund a big acquisition.

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Auto loan market divides; have banks set aside enough for bad loans?

05/04/20

Lenders are throwing money at buyers with stable jobs while making it harder for weak borrowers to get loans; $50 billion in loss provisions may not be enough and could stifle lending.

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PPP fee income will go straight to loan-loss reserves at many banks

04/30/20

The millions of dollars earned from Paycheck Protection Program transactions will help cover rising provision costs tied to the new CECL accounting standard and coronavirus shocks to loan books.

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HSBC, Santander outpace rivals in boosting loan-loss provisions

04/28/20

The two lenders are being more aggressive than other European banks in putting a price on the economic devastation caused by the coronavirus outbreak.

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Congress was right to freeze CECL

04/24/20

Banks would have drowned if lawmakers hadn't delayed the new accounting standard during the coronavirus pandemic.

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JPMorgan's outlook for 2020: More pain ahead

04/14/20

Though hopeful for a second-half bounceback in the economy, JPMorgan Chase is prepared for 20% unemployment, lackluster GDP and losses in its loan portfolio that could reach tens of billions of dollars.

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Will coronavirus lead to a wave of bank failures?

03/26/20

An uptick in closings is likely, but how many institutions go under and how fast will depend on a variety of factors, including the duration of the pandemic.

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