World Business Watch: US banks to see big jump in second-quarter profits before normalcy in results
Edited By WION Video Desk
Published: Jul 09, 2021, 05:55 IST | Updated: Jul 09, 2021, 05:55 IST
Most big US banks are expected to report a stunning rebound in quarterly profits next week. With feared pandemic loan losses, they are failing to materialize even as trading income slumps and lending revenue stalls on low-interest rates and weak demand.
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