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

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 data from a banking regulator. https://www.reuters.com/article/us-usa-fdic-results-idUSKBN23N2GT