Loss provisions blow out at US banks

Jasper Cox

April 15, 2020 05:00 pm

WallStreet_PA_575x375_15April2020 — The corner of Broad and Wall Streets in front of the New York Stock Exchange are nearly empty on April 14, 2020 as New York is under stay-at-home orders to help stop the spread of the coronavirus. The Dow Jones Industrial Average jumped more than 2\% to close at 23,949.76. (Photo by Samuel Rigelhaupt / Sipa USA) | Samuel Rigelhaupt/SIPA USA/PA Images

US banks ramped up reserves for credit losses, expanded credit lines and enjoyed bumper trading and debt underwriting volumes in the first quarter, according to results released on Tuesday and Wednesday.

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Jasper Cox