JPMorgan, BOfA And Other US Banks Reportedly Reap $1 Trillion Windfall From Fed's High Interest Rates
- Posted on September 23, 2024
- By Google News
- 1 Views
JPMorgan, BOfA And Other US Banks Reportedly Reap $1 Trillion Windfall From Fed's High Interest Rates
At the end of second quarter, the average U.S. bank paid depositors an annual interest rate of just 2.2%, significantly lower than the Fed's 5.5% overnight rate.
