Satoshi Nakamoto Blog

Category : Loan-loss provisions

Commercial lending Consumer lending coronavirus Credit quality earnings Jamie Dimon JPMorgan Chase Loan-loss provisions paycheck protection program

JPMorgan’s outlook for 2020: More pain ahead

That JPMorgan Chase is preparing for a possible surge in defaults was to be expected, but the numbers are still breathtaking — and the calculus...
CECL Community banking Credit unions FASB House Financial Services Committee Loan-loss provisions Regulatory reform

Is it too late for Congress to stop CECL?

WASHINGTON — Lawmakers appear consistently opposed to an overhaul of loan-loss accounting standards, saying the coming changes will hurt small lenders. But the prospects of...
Commercial lending deposits earnings Loan-loss provisions PNC Financial Services Group Regional banks William Demchak

Commercial lending, fee businesses boost PNC’s 1Q profits

Growth in commercial lending and various fee businesses lifted first quarter profits at PNC Financial Services Group, even as the Pittsburgh company beefed up its...
accounting CECL Fannie Mae FASB FHFA Freddie Mac GSEs House Financial Services Committee Joseph Otting Loan-loss provisions

House lawmaker warns of CECL’s impact on Fannie, Freddie

WASHINGTON — A senior Republican on the House Financial Services Committee is seeking details from Fannie Mae and Freddie Mac’s chief regulator on the impact...
American Bankers Association CECL Commercial lending Community banking Consumer lending Credit quality Credit unions FASB Loan-loss provisions Regional banks

As CECL anxiety mounts, FASB in no rush to consider alternative

The Financial Accounting Standards Board plans to consider a plan offered by a group of regional banks to blunt the hit capital levels are expected...