U.S. banks get ready for shrinking profits and recession
NEW YORK – U.S. banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown that is battering investment banking. Four American banking giants — JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc and Wells Fargo & Co — will report … Continue reading U.S. banks get ready for shrinking profits and recession
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