With the third-quarter earnings season well underway, most banks have now reported. Largely speaking, bank profits have continued to climb, as most banks take advantage of higher interest rates and a steep yield curve, in which lower-maturity bonds yield less than higher-maturity ones, an environment that most banks tend to benefit from. Banks typically borrow money at short-term rates and lend it out at longer-term rates, which is why banks benefit from a steeper yield curve. Still, it's not all roses. Banks are also grappling with higher funding costs, while investors wonder whether a real credit cycle will ever show up.
CryptoAlerta — análise de criptomoedas e mercado em tempo real