US banks are preparing to cut profits and recession
NEW YORK (Reuters) – U.S. banking giants are expected to report lower fourth-quarter profits this week as lenders hoard money for rainy days in preparation for an economic slowdown that will hurt investment banking. Four US banking giants – JPMorgan Chase & Co (JPM.N)Bank of America Corp (BAC.N)Citigroup Inc (CN) and Wells Fargo & Company … Read more