'We Still Face Much Uncertainty': Pandemic Hammers Big Banks
The dramatic collapse of the U.S. economy is pummeling America's largest banks. Wells Fargo has posted its first quarterly loss since 2008 and JPMorgan Chase has set aside billions to cover bad loans.
Updated at 12:45 p.m. ET
The dramatic collapse of the U.S. economy from the coronavirus is pummeling America's largest banks, raising new concerns about how much growth is slowing.
Wells Fargo in the second quarter — its first quarterly loss in the quarter.
