Big Banks Prepare for Protracted Recession, Report Significant Drop in Profits

Washington Post, July 14, 2020–Renae Merle
The recession triggered by the coronavirus pandemic will be deeper and longer than initially expected, according to three big banks that reported significant decreases in quarterly profits Tuesday.
https://www.washingtonpost.com/business/2020/07/14/big-banks-prepare-protracted-recession-report-drastic-drop-profits/