Disclosures by two regional lenders last week set off a mini-panic about bad loans on the books of small and medium cap banks.
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The industry is taking advantage of banks’ newfound interest in offloading some of the consumer debt on their books.
The company’s stock reversed a weeklong decline, as it prepares to shift leadership and offload riskier assets.
The bank’s shares plunged after it announced it set aside a huge reserve for future loan defaults.
The lenders that survived last spring’s crisis throughout the industry are flush, but are still shy about spending.