Sep 24, 2020
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Some Banks Are Making Money, But Consumers Face Squeeze

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In a narrative from Forbes. com Liz Moyer writes that enormous Wall Street firms like JPMorgan and Goldman Sachs posting billions in profits last quarter isn t an outstanding sign for the typical consumer. Competitors like Wells Fargo and Bank of America are expected to post losses while many regional banks are expected to disclose that they lost money within the third quarter as well

 

All together Moyer writes Which means lending might get tougher just when the economic recovery has gotten started. Higher provisions and stricter capital standards imposed by regulators–coupled with pending changes that would impede banks ability to go assets off-balance-sheet–could take money away from lending. – David K. Randall

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