Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Ken Sweet

Profits at big US banks show few signs of industry distress

Copyright 2021 The Associated Press. All rights reserved

The nation's largest banks appear to be weathering the current turmoil in their industry just fine.

Despite a pair of historical failures last month that put the nation's banking industry into crisis mode, the nation's biggest banks posted strong profits last quarter, helped by higher interest rates and a U.S. economy that keeps growing and adding jobs even as the Federal Reserve attempts to curb inflation.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.