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 aside a $3.36 billion in credit loss reserves in the first quarter, the banks said.
