Top US banks released $18.5bn of credit reserves in 2021

- By Alessandro Aimone
- @aimoneale
- 26 Jan 2022

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Wall Street’s largest lenders added more than $18.5 billion to their earnings last year by releasing reserves held to protect against future credit losses.

Improvements in borrower creditworthiness freed top US banks to release billions from their provisions for credit losses (PCLs) back into income, a sign the coronavirus crisis is loosening its grip on the sector.

!function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t]

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net