Which of the following led to the sharp decline in bank profits in 2008?
A)Record high loan loss provisions
B)Record gains in trading activities
C)Significant goodwill impairment expenses
D)All of the above.
E)a.& c.only.

Question

Quizplus · Accepted Answer

In 2008, banks faced record high loan loss provisions due to the financial crisis, and significant goodwill impairment expenses as asset values plummeted, leading to a sharp decline in profits.

Which of the Following Led to the Sharp Decline in Bank