The Traderszone Network

Published in TZ Latest News 22 January, 2015 by The TZ Newswire Staff

U.S. banks resign themselves to lower yields for longer

U.S. banks, after spending much of the last year bracing themselves for higher bond yields, are now resigning themselves to at least another few quarters of low rates, executives and analysts said. Banks including Wells Fargo & Co and PNC Financial Services Group are contemplating steps like investing their extra cash at current low yields or using derivatives that pay off if rates stay low.

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