Imani Moise, David Henry
Imani Moise, David Henry
CRITIC
img-contested
N/A
0 reviews
PUBLIC
img-contested
N/A
0 reviews

RECENT ARTICLES

Sort by:
No Rating
Banks lower revenue outlook as pandemic crimps loan demand

Banks lower revenue outlook as pandemic crimps loan demand

By , (Reuters) - Executives at the top U.S. banks warned investors this week that 2020 revenue will be lower than expected due to weak loan demand and an uptick in repayments during the coronavirus pandemic.Slideshow “Most of them are saying, ‘We don’t need money,’” CEO Brian Moynihan said in a virtual investor conference on Tuesday. “We tended not to believe them, honestly.”But loan balances at the Charlotte-based bank dipped below pre-pandemic levels earlier this month, potentially setting up its loan book to shrink in the third quarter for the first time since 2015, according to an...

September 16, 2020
Share
Save
Review
  • Total 1 items
  • 1
OUTLETS
reuters.com

reuters.com

CRITIC
img-trusted
100%
PUBLIC
img-trusted
80%