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Big Banks Kickoff Earnings Season
Bloomberg Businessweek
What's Going on in the US Consumer Market?
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Banks have been dying for rates to go higher, correct? And now they are really benefiting from that net interest income. Jamie Diamond in particular has talked about when he looks around the world, what he's worried about is cracks in the credit market. He was surprised that so many big institutions, particularly pensions in Europe, were under so much leverage and therefore so much strain when things went south.
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