The challenges are formidable. New regulations, particularly those governing derivatives and credit cards, are only starting to cut into revenue. And unemployment remains historically high. Although bankers report a modest pickup in requests for credit, it is hard to see a surge in new lending so long as a large portion of the work force remains on the sidelines. What’s more, the lucrative margins that made Wall Street trading businesses such profit engines in the immediate aftermath of the crisis are starting to narrow as corporations and investors return to the markets and demand lower fees. So are the fat returns that banks made off their own investments, as they snap up securities with lower rates.
Read more...
No comments:
Post a Comment