liquidity requirements
Financial sector feeling the squeezePosted by RJ and Makay on Jun 10, 2011 |
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A continual low interest rate environment and stagnant loan growth are making financial firms a smaller part of the U.S. economy at a time when new regulations are capping fees that banks charge their retail customers. Net revenue at Bank of America, JP Morgan Chase, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley will likely fall 3.7% in the second quarter, the fourth year-over-year decline in five quarters, according to 100 analysts compiled by Bloomberg.
