RBC and CIBC Ramp up Provisions for Loan Losses Amid Higher Risks Stemming From Trade and Policy Uncertainty

RBC and CIBC ramp up provisions for loan losses amid higher risks stemming from trade and policy uncertainty

The two banks are setting aside more provisions for credit losses as a buffer against deteriorating debt conditions and a slowing economy

RBC Earnings Miss Estimates as Bank Prepares for Souring Loans

Royal Bank of Canada missed estimates after setting aside more money than expected to cover possible loan losses amid a faltering economy even as income rose across most business lines.

RBC braces for rocky economy, boosts loan-loss provisions

A jump in provisions dragged down the Royal Bank of Canada's profits last quarter, prompted by the bank's fears of a potential tariff-driven recession.