trending Market Intelligence /marketintelligence/en/news-insights/trending/nP2FBTDP149NZi1F7O7ZXw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Zions Bancorp. projects 15% decrease to 5% increase in reserves from CECL

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Zions Bancorp. projects 15% decrease to 5% increase in reserves from CECL

Salt Lake City-based Zions Bancorp. NA projects up to a 15% decrease to a 5% increase in its reserve levels following the implementation of the current expected credit loss standard on Jan. 1, 2020.

There is less than one quarter until CECL will require large banks to estimate the potential losses over their loans' lifetimes and record those losses at origination. During Zions Bancorp.'s third-quarter earnings conference call, CFO Paul Burdiss gave some insight into how the new accounting standard will impact the bank's loan loss reserves.

Zions Bancorp could see up to a 15% decrease or up to a 5% increase in its reserves upon adopting CECL. This is in contrast with many other banks that have also provided estimates ahead of the upcoming implementation date. Wells Fargo & Co. is the only other bank to report a release of reserves from CECL.

Zions Bancorp ran a parallel allowance for credit losses during the third quarter to compare the current incurred loss accounting standard and CECL, Burdiss said. However, the estimate is based on current economic conditions and is "likely to change between now and adoption," he said.