Effects of major US banks’ high interest rates weaken in fourth quarter as special fees also pressure profits | Reuters
/cloudfront-us-east-2.images.arcpublishing.com/reuters/YQK4DOBDUROE5NDPE6MTOKMN34.jpg?w=1920&resize=1920,1005&ssl=1 "Effects of major US banks’ high interest rates weaken in fourth quarter as special fees also pressure profits | Reuters")
Fourth-quarter 2023 financial results for the four major U.S. banks were lackluster due to rising costs from deposit insurance fund contributions and staff cuts. There are signs that the effect of higher interest rates on boosting profits is fading and some consumer loans are starting to default. Photo: JP Morgan Chase. Photographed in New York … Read more