Most big banks have benefited from releasing reserves they had tucked away as a rainy-day fund in case loans turned bad, but government spending and liquidity support seem to have blunted the edge and the released reserves are now juicing the banks’ bottom line. JPMorgan Chase, Citibank and Bank of America are among the banks […]

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Source: https://bankautomationnews.com/premium-plus/plus-market-trends/jpmorgan-chase-citi-bank-of-america-report-uptick-in-profits-improved-efficiency-ratios/