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Optimistic banks start moving 'bad' loans back to 'good'

state North Carolina county Wells Charlotte, state North Carolina city Fargo, county Wells 2020 pandemic economy
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CHARLOTTE, N.C. – The pandemic and recession aren’t over by a long shot, but banks are feeling optimistic enough to start taking potentially “bad” loans off their books and move them back into the “good” pile.The financial performance of the big U.S.

banks has improved from earlier in 2020, when the virus pandemic walloped the global economy. JPMorgan and Wells Fargo saw fourth quarter profits rise; Citigroup’s profit fell in the last quarter of 2020, but increased from the third quarter.

The three banks have a more positive, though cautious outlook for the economy, which was reflected in an accounting maneuver each employed that contributed significantly to their better results.

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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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