The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits. Net interest income, a key driver of earnings for banks, has been boosted by the Federal Reserve’s benchmark rate hikes...
Business bankruptcies reportedly experienced a sharp increase in August, with more companies seeking court protection from their creditors. This rise can be attributed to rising interest rates and various economic headwinds, Bloomberg reported Tuesday (Sept. 5). Commercial bankruptcies rose by nearly 17% in August compared to July,...
November 09, 2023
Santander, Spain’s largest bank, is set to expand its corporate banking presence in the United States. Speaking Thursday (Nov. 9) at the Reuters NEXT conference in New York, Banco Santander Executive Chair Ana Botin said the bank’s strategy will focus on renewable finance, auto lending and wealth management as it aims to outperform its competitors in a […]
October 09, 2023
The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits. Net interest income, a key...
