washington some big us banks have again started stockpiling cash to cushion potential loan losses due to growing worries over the war in ukraine and the impact of inflation on the us economy although trading continues to be bright spot for wall streetjpmorgan chase co goldman sachs group inc and citigroup inc combined put aside a 336 billion in credit loss reserves in the first quarter the banks saidthats a reversal from the past 12 months when lenders released reserves after covid19related losses failed to materialize signaling lenders believe the economic rebound from that crisis may be shortlived as inflation soars and the ukraine conflict roils markets and dampens global growththe prospect for higher rates and slowing economic growth likely mean increased credit losses said tim ghriskey senior portfolio strategist at ingalls snyder in new yorkthe banks do not see much in the way of current economic problems just the likelihood that weaker economic conditions are likely to developcitigroup the most global us bank bore the brunt adding 19 billion to its reserves related to its russia exposure and the wars broader macroeconomic impact the banks executives said it could lose 25 to 3 billion on its russia exposurejpmorgan the countrys largest lender on wednesday added 902 million to its reserves driven by the probability of downside risks due to high inflation and the war in ukraine as well as accounting for russiaassociated exposure it has said it could lose 1 billion on its russia exposure over timegoldman likewise cited macroeconomic and geopolitical concerns among other reasons for its 561 million provision and said it will take a 300 million first quarter hit on russiasoaring inflation could dent consumer spending while aggressive federal reserve interest rates rises aimed at reiningin prices will likely crimp loan growth analysts saidthe war in ukraine and western sanctions could knock more than 1 off global growth this year and add two and a half percentage points to inflation the oecd has said read morestill some banks like morgan stanley and wells fargo co have little direct russia exposure wells fargo a domestic focused bank with a small capital markets business actually released 11 billion of pandemic reserves read morewells chief executive charles scharf nevertheless warned on the economic outlook in a change of tone from previous quarters noting rate hikes will certainly reduce growth the war in ukraine adds additional risk to the downside he addedwells fargos shares were down 6 and citis were up nearly 2trading mabanks trading businesses however performed better than analysts had anticipated as clients rejigged portfolios in response to expected rate hikes and the war analysts had forecast trading revenue declines of 10 to 15 across the board compared with 2021 when central bank moves to stimulate the economy amid the pandemic saw equity indexes hit record highs and drove a trading bonanza across wall streetgoldman sachs said global markets first quarter revenues rose 4 driven by a 21 rise in fixed income revenues morgan