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Zions Bancorp NA released detailed results from a parallel run on the adoption of the current expected credit loss, or CECL, accounting standard.
For the 2019 fourth quarter, adoption of CECL would have resulted in a reserve release of 5%, CFO Paul Burdiss said on a call to discuss fourth-quarter earnings. That came right in the middle of the bank's previous guidance that the standard would result in an adjustment to reserves ranging from...
