Citizens, US Bank stock coffers for expected losses | Auto Finance News | Auto Finance News

Citizens, US Bank stock coffers for expected losses

© Can Stock Photo / webking

Citizens Bank and U.S. Bank are the latest financial institutions to set aside additional capital in anticipation of increased credit losses from the COVID-19 crisis. Citizens Bank announced today that it increased allowance for credit losses 66% year over year to $2.2 billion, which includes a $451 million increase recorded for the Jan. 1 adoption […]

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