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Lending Growth Slows at Major US Banks as Interest Rates
Published : 10-10-2023 - Duration : 00:34 - View : 2
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Rising interest rates in the US are curbing lending growth at big US banks in the third quarter. Revenue from lending fell at banks like JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America as rate increases cut demand for mortgages and other loans. Net interest margins, the difference between what banks pay on deposits and earn from loans, ...
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