$1,100,000,000,000 Pours Into US Banks Amid High Interest Rates As JPMorgan Chase, Bank of America Pay Pittance To Depositors: Report

US banks have reportedly raked in more than $1 trillion two and a half years after the Fed’s “higher for longer” interest rate policy. Data from the Federal Deposit Insurance Corporation (FDIC) shows the high interest rate regime allowed thousands of US banks to reap higher yields on their deposits at the Fed, reports the […] source: https://dailyhodl.com/2024/09/28/1100000000000-pours-into-us-banks-amid-high-interest-rates-as-jpmorgan-chase-bank-of-america-pay-pittance-to-depositors-report/