July 14, 2020

'We Still Face Much Uncertainty': Pandemic Hammers Big Banks-NPR

The dramatic collapse of the U.S. economy from the coronavirus is pummeling America's largest banks. Wells Fargo lost $2.4 billion in the second quarter — its first quarterly loss since 2008 during the financial crisis — and said it expects to cut its dividend. Citigroup saw its profit drop 73% in the quarter. NPR, 07/14/2020

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