๐”– Bobbio Scriptorium
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Forecasting required loan loss reserves

โœ Scribed by Daesik Kim; Anthony M. Santomero


Book ID
116096166
Publisher
Elsevier Science
Year
1993
Tongue
English
Weight
961 KB
Volume
45
Category
Article
ISSN
0148-6195

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On May 19, 1987, Citicorp announced (after markets closed) that it would add $3 billion to its loan loss reserve in recognition of the poor quality of outstanding loans to Third World countries. Eleven other money-center banks followed this policy over the next five months. The reported reactions of