America’s major banks allocate $4.5 billion for potential loan losses

Economists expected, according to a Bloomberg Agency survey, that the 6 largest banks in America in terms of assets would allocate about $4.5 billion to cover potential loan losses in the third quarter of this year.

This comes as the demand for loans continues to grow, and amid increasing Recession fears On the impact of the continuous hike in interest rates.

According to the survey, the expected provisions for the third quarter will be significantly lower than what lenders set aside at the start of the Corona pandemic in 2020.