NEW YORK (Reuters) - The U.S. Federal Reserve began steadily raising interest rates one year ago, offering a long-awaited tailwind for bank earnings because lenders can charge borrowers more for loans.

BING NEWS:
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    A number of alternative lenders jumped into action to carry the flag as banks moved to the sidelines amid higher interest rates in 2023.
    04/23/2024 - 2:00 am | View Link
  • Wall St sees more pain ahead for US mid-sized lenders after dull Q1
    U.S. mid-sized banks' profits would remain under pressure for most of 2024, Wall Street analysts said, as higher deposit costs and muted loan growth drag their earnings.
    04/19/2024 - 7:14 am | View Link
  • U.S. Mortgage Rates Jump Above 7% for the First Time This Year
    Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.
    04/18/2024 - 9:20 am | View Link
  • US labor market stays resilient; housing regresses on higher mortgage rates
    The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week, pointing to continued labor market strength that is driving the economy. Labor market ...
    04/18/2024 - 6:11 am | View Link
  • Big Law's Big Realization?
    During the pandemic era, it may have been easy to assume high realization rates were going to be a part of the “new normal.” Firm leaders saw the benefits ... grossing U.S.-founded firms ...
    04/15/2024 - 11:10 pm | View Link
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