Banks Have Recognized 60% of Expected Loan Charge-Offs: Moody’s

By: Carrie Bay In its latest quarterly report on credit conditions of the U.S. banking system, Moody’s Investors Service says banks’ asset quality issues are “past the peak” butcharge-offs and non-performers continue to eat away at profitability and sheer fundamentals. Based on Moody’s market data, banks’ non-performing loans stood at 5.0 percent of total loan […]

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