Americans pay enormous amounts for their mortgages and credit cards, but receive little interest on savings from banks. This gives the banks high profits; maybe one last time.
How far do American consumers’ money still last? Many investors in US banks are also wondering this.
How do the Americans do that? That’s what Europe’s bankers have been asking themselves since the financial crisis 15 years ago. The US banks were the first to be hit by the crisis, and yet they recovered much faster than anyone else and were soon making big profits again.
2023-10-18 17:58:25
#banks #Benefit #interest #rate #bonanza
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