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Regional banks say they can handle any looming credit hiccups

November 3, 2022

Regional banks are preparing for a looming economic downturn, but they don’t seem too concerned that their balance sheets will take a major hit.

At an industry conference Thursday, executives at PNC Financial Services Group, Regions Financial and M&T Bank said they’re not yet seeing large signs of trouble among their customers. They also expressed confidence that their loan books can withstand a downturn, saying that their reserves will protect against more worrying scenarios.

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