SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: sylvester80 who wrote (1262317)9/16/2020 4:37:06 PM
From: Jamie1531 Recommendation

Recommended By
sylvester80

  Respond to of 1580049
 
The Fed can't lower rates to stimulate the economy and banks can't find anyone to borrow money even when it's almost free.

"Banks lower revenue outlook as pandemic crimps loan demand

The shifts caused Bank of America to slash its outlook for quarterly net interest income by roughly $400 million.

In the same conference, JPMorgan Chase & Co <JPM.N> trimmed its outlook for annual net interest income by $1 billion, citing an expected drop in loan demand."

metro.us

What a frick'n mess.