WASHINGTON—Some big U.S. banks have again started stockpiling cash to cushion potential loan losses due to growing worries over the war in Ukraine and the impact of inflation on the U.S. economy, although trading continues to be bright spot for Wall Street. JPMorgan Chase & Co., Goldman Sachs Group Inc., and Citigroup Inc. combined put…
US Banks Build Reserves on Inflation Risk, Russia; Trading a Bright Spot
Large Scale Russian Offensive Possible in January, Ukraine Says
KYIV—Russia has massed more than 94,000 troops near Ukraine’s borders and may be gearing up for a large-scale military offensive at the end of January, Ukraine’s defense minister told parliament on Friday, citing intelligence reports. Oleksii Reznikov said Ukraine would not do anything to provoke the situation but was ready to fight back if Russia…
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