U.S. Banks Post Near-Record Profits
Tuesday, August 12, 2014
U.S. banks posted near-record profits during the second quarter of this year. New data from research firm SNL Financial, shows banks posted the second-highest level of net income in more than two decades.
This growth in profits is due, in part, to a surge in lending to both businesses and individuals.
The Financial Times’ Cardiff Garcia joins Here & Now’s Jeremy Hobson to discuss the forces behind the growth and whether average Americans will now be able to get more loans.