Falling interest rates were a mixed bag for big U.S. banks last year. That should be evident when they report fourth-quarter earnings this week.
The Federal Reserve cut interest rates three times last year, an about-face after raising rates nine times in the previous three years. Lower rates crimp what banks can charge on loans, reducing the profitability on lending operations. But they can also fuel demand for loans and let banks lower what they pay for deposits.
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Built on Overdraft fees. Milking the poor = Good business.
And record Banks REPO overnight Market BAILOUT too !!! FEDERAL RESERVE ADMITS IT PUMPED MORE THAN $6 TRILLION Dollars TO WALL STREET IN RECENT SIX WEEK PERIOD Ends today, January 14th, 2020
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