Banks with capital markets exposure to revenue from trading helped offset losses from a reduction in loans and an increase in bad debt.

Nobody knows how long banks can hold on with most revenue coming from capital markets activities.

The largest U.S. banks are setting aside billions of dollars to deal with toxic loans as support from the government falls off in the months ahead, a sign that some of the worst economic damage from the pandemic is still to come.

Alison Williams of Bloomberg Intelligence is on “Bloomberg Surveillance” and talks about the future of banking during the coronavirus pandemic.


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