Bank executives grapple with recession talk

Growth slowing: Shipping containers stacked on a ship docked at Yusen Terminals at the Port of Los Angeles. The US economy grew 2.9% in the fourth quarter, down from 3.6% the prior period and 4.2% in the middle of last year. — Reuters

NEW YORK: Executives at the largest US banks are grappling with how to best talk about the slowing economy and its impact on their businesses as they enter earnings season, people familiar with their thinking told Reuters.

Of particular concern is how to deal with the word “recession,” which has become all but verboten as US gross domestic product growth has decelerated.