A Bank of America logo is seen in New York City, New York, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photoexpects a "big bump" in the income it earns from rising interest rates, its chief executive officer told investors at a conference on Monday.
"We're going to get a big bump in NII," Brian Moynihan said, referring to net interest income, a closely watched measure of how much money banks make from lending. "We'll grow revenue faster." Bank of America, the nation's second-biggest lender, stands to benefit from rising interest rates because it can charge more for customer loans. The Federal Reserve has delivered back-to-back 75-basis-point rate hikes, and contracts in futures markets tied to Fed expectations predict a third increase of that magnitude.
For the banks. Average person F…ED
As they eff over their customers.
Bolsonaro is lying to the world, betraying USA and Europe. Do not put your Money in Brasil. Do not buy Agricultural products from Brazil. It has pesticide in very high and dangerous levels.
This guy is a genius ! Or am I missing something ?
For himself?