While the country’s biggest banks reported boosts in profits during the rockiest quarter for financial institutions in more than a decade, they also took steps to guard against future losses, adding billions of dollars to their reserves in anticipation of loan nonpayment and credit crunches. These are nervous times for banks. But the nation's largest banks, while exposed to some bad CRE debt, might be able to wiggle out of it, assuming the current nervousness doesn't morph into a full-blown Great Financial Crisis 2.0, experts say. 
Wells Fargo, JPMorgan Chase, PNC and Citigroup all ratcheted up their reserves compared to last year, while assuring depositors and investors not to worry and emphasizing the relatively small portion of loans they hold related to commercial real…  Read the full story here. | 
