Loan-loss provisions

KeyCorp defends its credit cushion as ample

07/22/20

Other regionals set more aside for loan losses than the Cleveland bank did in the second quarter, and its ratio of reserves to total loans is slightly lower, too. But Key executives say the portfolio is balanced and holding up well despite the pandemic’s economic toll.

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Comerica remains bullish on energy even as pandemic roils sector

07/21/20

The Dallas bank set aside less in the second quarter for credit losses than analysts expected. Executives cited action in Texas and California to reverse reopenings and said they're still committed to the oil and gas business.

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Regions swings to loss in 2Q as problem energy loans pile up

07/17/20

The Birmingham, Ala., company more than doubled its loan-loss provision from three months earlier and its chief financial officer said that more than half of its loans to oil and gas companies could eventually become criticized.

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Amerant in Florida discloses loan exposure to coffee trader

07/17/20

The company said it recorded a large loan-loss provision in the second quarter to reflect Coex Coffee International's pending liquidation.

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Bank of America joins rivals in setting aside billions for bad loans

07/16/20

Second-quarter earnings fell by more than 50% from the same period last year after the company allocated $5.1 billion for potential loan losses.

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PNC sees steep decline in forbearance requests. Will it last?

07/15/20

The Pittsburgh bank says fewer borrowers are asking for help and that many borrowers who received assistance are making payments again. But with the coronavirus pandemic still raging in much of the country, CEO William Demchak and other bankers are tempering their optimism.

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A grim outlook for Wells Fargo’s commercial loan book

07/14/20

The energy sector, retail and hospitality are among the industries that are faring poorly during the pandemic. The bank expects loan losses to remain elevated well into 2021.

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Dimon says economic outlook ‘much murkier’ as virus cases surge

07/14/20

Megabanks like JPMorgan Chase boosted loan-loss provisions to record levels in the second quarter in preparation for what could be a wave of loan defaults.

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Wells Fargo posts first quarterly loss since 2008

07/14/20

The firm set aside a record $9.5 billion for credit losses, about $4 billion more than analysts had expected, as it braces for a wave of coronavirus-related defaults.

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Energy lenders brace for more losses

07/13/20

Bankers had asserted in April that they could handle a slump in oil prices tied to the coronavirus pandemic. Continued volatility, combined with declining collateral values and a rise in bankruptcies for exploration companies, is denting their confidence.

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