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After spring crisis, US banks face subdued profit outlook

The upcoming deluge of US bank earnings is expected to show more pressure on deposits, an uptick in reserves for bad loans and much talk about potential new regulations. "You're going to see some challenges on the earnings picture," said Chris Wolfe, a managing director at Fitch Ratings, who expects banks to set aside greater reserves as households savings erode.
United States Chris Wolfe Clifford Rossi Patrickt Fallon Stuart Plesser Michael Barr
Source: tuko.co.ke

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