Duke University: News Tip - Banks Facing Disappointing Profits for The Next Few Quarters, Economist Says
October 18, 2023
October 18, 2023
DURHAM, North Carolina, Oct. 18 -- Duke University issued the following news:
Summary: Investors in some of the country's biggest banks are being warned that they may soon have to offer higher rates to depositors. Such action would cut into the higher profits resulting from the Federal Reserve's decision to increase interest rates. Connel Fullenkamp, professor of the practice of economics at Duke University, points out that not only would it squeeze bank profits, but it al . . .
Summary: Investors in some of the country's biggest banks are being warned that they may soon have to offer higher rates to depositors. Such action would cut into the higher profits resulting from the Federal Reserve's decision to increase interest rates. Connel Fullenkamp, professor of the practice of economics at Duke University, points out that not only would it squeeze bank profits, but it al . . .