Similar Stories to Us Bank Profits Dived Nearly 70 Percent On Coronavirus Measures on Bing News

Reuters, New York Post: Business
Tue, 06/16/2020 - 1:22pm

US bank profits fell by 69.6 percent, to $18.5 billion, in the first quarter of 2020 from the year prior as banks felt the economic impact of the novel coronavirus pandemic, according to data from a banking regulator. The Federal Deposit Insurance Corp. reported that “deteriorating economic activity” caused lenders to write off delinquent debt...

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