Street Talk
Street Talk
Nathan Stovall | S&P Global Market Intelligence
Ep. 65 - Deferral practices trap US bank portfolios in purgatory
18 minutes Posted Jul 28, 2020 at 11:22 am.
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Bankers have expressed optimism about loan deferral trends but some members of the Street remain concerned about the unprecedented levels of forbearance and the potential loss content sitting on U.S. bank balance sheets. The episode features commentary from executives at JPMorgan, BancorpSouth Bank, Hancock Whitney, Signature Bank, Synovus Financial, Western Alliance Bancorp and U.S. Bancorp, responding to questions from the investment community about the pace of deferrals – which allow borrowers to defer principal and interest payments - the health of customers receiving forbearance and the amount of reserves institutions might have to set aside for the credits.