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(Reuters) - Executives at the top U.S. banks warned investors this week that 2020 revenue will be lower than expected due to weak loan demand and an uptick in repayments during the coronavirus pandemic. Slideshow ( 2 images ). Bank of America BAC.N , the second-largest U.S. bank by assets, said it found little appetite for new loans when it surveyed its corporate clients twice this year. “Most of them are saying, ‘We don’t need money,’” CEO Brian Moynihan said in a virtual investor conference on Tuesday. “We tended not to believe them, honestly.”. But loan balances at the Charlotte-based bank dipped below pre-pandemic levels earlier this month, potentially setting up its loan book to shrink... Vollständiger Text

16 September