Regional Bank Stocks Recent News
The global economy remains fragile going into 2023. Uncertainties abound due to a less-than-ideal combination of factors: Russia’s invasion of Ukraine, supply chain disruptions, the meteoric rise in inflation and tightening monetary policy across the world.
Over the last year, banks have benefited from rising interest rates, which have increased their net interest income (NII). This is likely to continue as the Federal Reserve plans to raise interest rates further in 2023 and potentially into 2024.
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