UPDATE 1-U.S. bank profits plunge 70% on coronavirus loss provisioning
U.S. bank profits fell by
69.6% 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 new data from a banking
regulator.
69.6% 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 new data from a banking
regulator.
Posted by Reuters
