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U.S. banks grapple with depleted reservesWall Street's biggest banks are beginning to build their defences against downturns, signaling an end to the steady thinning of reserves that has helped boost profits in the past five years.Analysts expect that five of the six biggest US banks will report year-on-year falls in quarterly revenues, with only Wells Fargo producing a small gain.Citi has loan-loss reserves equivalent to 2.2 per cent of assets, more than JPMorgan at 1.8 per cent or Bank of America at 1.5 per cent.
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