Banks Keep Record $28 Billion For Loan Losses

NTD Newsroom
By NTD Newsroom
July 17, 2020NTD Business
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It seems banks are also worried about defaults. They’re putting aside significant provisions for potential bad loans. JP Morgan reported a record $10.5 billion of provisions in the second quarter. Is this a sign of a storm ahead? We caught up with Daniel Lacalle earlier to find out.