Reserves Rise for Tenth Straight Quarter, Industry Wary About Populist CFPB Director

U.S. bank reserves rose to $222.68 billion in the third quarter from $220.54 billion in the second, the tenth consecutive quarter reserves have increased, according to S&P Global Market Intelligence. The reasons varied from credit loss provisions to charge-offs to loan growth. Read on to see which institutions had the biggest quarter-over-quarter changes in their reserves-to-gross-loans ratios. 

Another S&P article discussed who may lead the CFPB under the Trump administration. While most bankers are pleased that Chopra will be leaving, fears of a "populist wildcard" are beginning to take root. 

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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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