Banks prepare for ‘infinity of questions’ over Q1 results
European banks are struggling to decide how to strike the right tone when reporting their first quarter results this year amid the extreme uncertainty surrounding the coronavirus pandemic. Despite guidance from regulators, their biggest difficulty will be in signalling their expectations for loan losses.
Financial institutions head into earnings blackouts this month with no certainty over how the economy will perform for the remainder of 2020.
Business activity has slowed to a standstill in Europe recently, as a result of national quarantines aimed at slowing the spread of Covid-19.Economists ...