How Is The Lending Sector Performing During Record-Low Interest Rates?
After nearly quarterly losses of $13 billion in 2020, Banco Santander SA (NYSE:SAN) reported net income of $2.5 billion in Q2 2021, beating analysts’ forecast. HSBC’s profit more than doubled hitting $10.8 billion pre-tax. Q2 2021 hedge fund letters, conferences and more Amid the low-interest rates across lenders’ biggest markets, how is the sector performing? Strong RecoveryIt is a treacherous time for lenders around the world, as the Covid crisis has prompted regulators to lower interest rates to keep economies afloat. Bank of America Corp (NYSE:BAC) saw its net interest income reduced by 6%...