Archive · Business Recorder
US banks post solid third-quarter loan growth
WASHINGTON: US banks reported solid loan and deposit growth in the third quarter, but lenders are paying a premium to retain customer funds in a fiercely competitive, high-interest-rate environment. JPMorgan Chase, Citigroup and Wells Fargo all posted higher net interest income on Tuesday, even as investors worried that soaring bond yields and elevated borrowing costs would stifle loan demand and trigger a flight of deposits. Bank of America, the second-largest US lender, also reported higher net interest income on Wednesday. “The economic uncertainty that prevails and the geopolitical instabi...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →