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North American banks: are their profits being eroded by Covid-19-led provisioning charges?
Like their counterparts in Europe, North American banks are seeing a substantial decline in net profits, in spite of a growth in assets and supportive measures. The rise in pre-emptive provisioning charges levied due to Covid-19 appears to be the cause. Hear an executive summary of the BankFocus research.
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By Bureau van Dijk - A Moody's Analytics CompanyLike their counterparts in Europe, North American banks are seeing a substantial decline in net profits, in spite of a growth in assets and supportive measures. The rise in pre-emptive provisioning charges levied due to Covid-19 appears to be the cause. Hear an executive summary of the BankFocus research.