US banks face subdued profit outlook

By Agence France-Presse

Jul 13, 2023 12:20 am

NEW YORK CITY: The upcoming deluge of US bank earnings is expected to show more pressure on deposits, an uptick in reserves for bad loans and much talk about potential new regulations.

While there is always the potential for a shock disclosure, banking industry experts are generally anticipating a picture of subdued profitability, rather than a repeat of the crisis that pummeled the industry this spring.

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