Truist Bank ups credit loss provisions, boosts powersports loans

Truist Bank continues to accrue for potential loan losses as the country faces the coronavirus economic crisis.   Truist’s provision for credit losses totaled $844 million “given economic uncertainty and the stressed environment,” Chairman and Chief Executive Officer Kelly King said during the company’s second-quarter earnings call yesterday. “This affords strong coverage for expected credit losses in the future,” he said. Truist’s […]

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