At US banks, CECL effects differ wildly
Loan-loss allowances leapt higher at most large US banks on adoption of the new Current Expected Credit Losses (CECL) accounting standard at the start of the year, Risk Quantum analysis shows. At some firms, reserves more than doubled.
Across the 18 US banks with over $100 billion in assets that had disclosed the effects of CECL as of January 30, loan-loss allowances increased an average of 50%.
Truist bank, the result of a recent merger between SunTrust and BB&T, posted a +153% uplift in loan
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