Summary
- US banks continue to operate in the market of extremes.
- Weak capital markets offset the benefits of higher rates for banks.
- Why banks continue to build their loss provisions.
The latest U.S. bank earnings show the challenging environment lenders are operating in, as they deal with higher rates and lower investment banking revenue. Greg Bonnell speaks with Stephen Biggar, Director of Financial Institutions Research at Argus Research, about the sector's outlook.
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U.S. Banks Take Cautious Approach As Earnings Show Impact Of Higher Rates