JPMorgan Chase said it might be forced to pay more for deposits this year in what analysts called “a warning shot for the entire industry”.
Like the rest of Wall Street, JPMorgan had benefited from Federal Reserve interest rate rises boosting net interest income — the difference in what banks pay on deposits and what they earn from loans and other assets.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased