Mark Whitehouse, Columnist

One Way Banks Aren’t Ready for the Next Crisis

Loan-loss reserves are as low as they were in 2008.

July 15, 2019 at 10:30 AM UTC

Mark Whitehouse is a member of the editorial board covering global economics and finance. Previously, he reported on economics for the Wall Street Journal and was managing editor of Vedomosti, a Russian-language business daily.

Let’s not do that again.
Photographer: Stan Honda/AFP/Getty Images

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The reforms the U.S. adopted after the 2008 financial crisis were supposed to ensure that banks would be better prepared to bear losses on loans gone bad.

So are they? In one important way, not so much.