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4 months agoThe ‘reserves’ are just money they put away for bad loans. All this means is that they’ll have some quarters of lower profits, NOT that they’re going bankrupt.
The ‘reserves’ are just money they put away for bad loans. All this means is that they’ll have some quarters of lower profits, NOT that they’re going bankrupt.
Yeah it stops converting numbers too. At my job we have a lot of ids that start with 0, and it was super annoying to have ‘000123’ turn into ‘123’, now it keeps it as text.
I’m not sure what version got this, but there’s a setting now where you can disable auto-conversion and it’s amazing.
https://mashable.com/article/microsoft-excel-disable-setting-auto-conversion-data-into-dates
Yeah, I don’t disagree that these loans are going to cause trouble for a long time, but I disagree with the headline implying these banks can’t meet their deposits.
I think that, over the next decade, many of these commercial buildings will undergo retrofits (say to turn them into housing) which will help the owners / lenders recoup much of the costs.