Biggest US Banks Set Record Lending Income Amid Rising Rates
Earnings·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Three of the biggest US banks set a fresh record in the third quarter for how much they earned from lending. Customers continued to borrow even as interest rates increased.
Norah Mulinda reports on the impact of higher rates on lending income for these banks.
US Banks
Sources
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SourceReports the news
“Three of the biggest US banks set a fresh record in the third quarter for how much they earned from lending, with customers continuing to borrow even as interest rates increased.”
Bloomberg — Higher Rates Turbocharge Lending Income for Biggest US Banks