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...
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...