The AI ‘scare trade’ is finally hitting banks. Bargain hunters should take note.
In an era of higher interest rates, banks have reaped big profits due to consumers’ reluctance to move money out of low-interest checking accounts that offer convenience and ready access to money.
In an era of higher interest rates, banks have reaped big profits due to consumers’ reluctance to move money out of low-interest checking accounts that offer convenience and ready access to money. This story matters for Finance & Markets readers tracking trade. Reported by marketwatch.com. Read the full original at the source link below.
Originally reported by marketwatch.com. Trade-News curates and briefs the finance & markets stories that matter. Our editorial policy →