But the industry has been forced to pay up for deposits as customers shift holdings into higher-yielding instruments like money market funds. That will probably curb banks' gains from rising interest rates amid the Federal Reserve's efforts to tame inflation.
Another key question will be whether JPMorgan and others are tightening lending standards ahead of an expected U.S. recession, which could constrict economic growth this year by making it harder for consumers and businesses to borrow money.
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Source: Reuters - 🏆 2. / 97 Read more »