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Large US banks eye improving economy after rocky 2020 Issued on: 15/01/2021 - 17:50 4 min New York (AFP) Large US banks reported Friday a mixed fourth quarter to conclude a turbulent year, but expressed optimism about 2021 thanks to the coronavirus vaccine and additional fiscal stimulus. JPMorgan Chase, Citigroup and Wells Fargo all modestly lowered their reserves set aside earlier in the pandemic when coronavirus shutdowns prompted the banks to establish huge provisions in case of a wave of defaults due to a much sharper economic downturn. The banks are still keeping billions of dollars in provisions for bad loans in case the economy takes another turn for the worse.

New yorkUnited statesMark masonJennifer piepszakJoe bidenJamie dimonCharlie scharfFederal reserveWells fargoPresident elect joe bidenChase chief executive jamieChief financial officer mark masonChief executive charlieபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்குறி கொத்தனார்