Wall Street just had its most profitable quarter ever -- fueled in part by the skimpy returns paid out on savings accounts. US banks rang up record profits of $48.3 billion in the second quarter as the Federal Reserve's interest rate hikes weren't passed along to consumers, the FDIC said Tuesday. The total bottom line...
Wall Street just had its most profitable quarter ever -- fueled in part by the skimpy returns paid out on savings accounts. US banks rang up record profits of $48.3 billion in the second quarter as the Federal Reserve's interest rate hikes weren't passed along to consumers, the FDIC said Tuesday. The total bottom line...
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