Andy Morton: top related news
19.12 / 23:24
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WhatsApp, Monkey Bar, Buffett: Banking’s 2022 Winners and Losers
While capital markets sputtered for much of the year, volatility pushed trading revenues to their highest levels in well over a decade. With inflation running at a 40-year high, banks were forced to set aside billions in credit reserves. That hindered profits even as the Federal Reserve's campaign to tamp down prices — marked by aggressive rate hikes — boosted net interest income for the country's largest lenders.