Fitch Group

Fitch Sees Rise in Bank Credit Losses 

The US banking industry experienced notable financial improvements over the first quarter of 2009, but Fitch Ratings’ says those encouraging signs will be difficult to maintain as credit losses are likely to rise. As major banks continue to rack up credit losses, strong market-dependent revenues seen over Q109, such as mortgage origination and fixed income trading, are likely to ease, further dampening the forward progress made in recent months, the agency says.