(The Business Insider) For at least one part of the banking business, good news is finally around the corner. When the Federal Reserve increases interest rates — which it is expected to do starting this week — lending businesses will reap the benefits.”This is a tiny, tiny, tiny increase in interest rates that will help banks immeasurably,” Richard Bove, a bank analyst at Rafferty Capital Markets, told Business Insider.
Wall Street Stands To Make Billions When Janet Yellen Starts Hiking Rates
This entry was posted in Syndicated. Bookmark the permalink.
