US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown that is battering investment banking.

World Business Watch: U.S. banks get ready for profit crunch

Three of the largest U.S. banks said on Tuesday they had set aside a whopping $28 billion for loan losses

Big U.S banks predict more economic pain from COVID-19

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World Business Watch: U.S. banks get ready for profit crunch

Big U.S banks predict more economic pain from COVID-19