Banks Brace For Wave Of Corporate Credit Calamities Banks are setting aside billions of dollars to cover possible credit losses as the pandemic continues. Consumers, grappling with unemployment, are at risk of default, but so are millions of smaller firms that populate Main Street â and are struggling to reopen. Hereâs what might happen as SMB owners tap into personal funds to try to keep operations afloat and outlast the ravages of COVID-19. |