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U.S. bank profits plunge 70% on coronavirus loss provisioning

U.S. bank profits fell by 69.6% to $18.5 billion in the first quarter of 2020 from the year prior as banks felt the economic impact of the novel coronavirus pandemic, according to new data from a banking regulator.

    

Written by

Peter Zirbes, ESQ. A Full Service Law Office 718 544 6300