https://qz.com/banks-provision-credit-losses-delinquencies-defaults-1851601634
Provisions for credit losses rose at JPMorgan, Citi, Wells Fargo, and Bank of America last quarter
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They also hedge and buy insurance to cover potential defaults and then they write off the bad loan they got stuck with to help offset taxes... So it's kinda good in a way and they want some but it makes business sense to find the right balance to keep regulators happy and make maximum profit.