Banks upbeat on U.S. consumer despite bank profit declines, inflation and rising debt levels

The biggest banks in the United States posted strong profits last year, helped by higher interest rates and a strong economy, despite having to deal the lingering industry costs of last year’s banking crisis that caused the collapse of Silicon Valley Bank and Signature Bank.
Source: ctv business
Banks upbeat on U.S. consumer despite bank profit declines, inflation and rising debt levels