The New York Times·2 min read·medium
Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom
✦AI Summary
Major US banks reported record-breaking profits of $43 billion in the second quarter despite ongoing economic uncertainty. Analysts warn that 'tectonic' risks remain in the financial landscape that could threaten future stability.
In a world of uncertainty, one reliable rule is that Wall Street will find a way to make money. That was underscored with emphasis on Tuesday when four of the largest banks in the United States reported a collective $43 billion in profits in the seco... [2403 chars]
businesseconomy
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