Big US banks face lending income squeeze as interest rate era shifts 📉🏦; UK's bold move to fight FinTech fraud 😳🛡️

FinTech is Eating the World, 8 October

Hey Everyone,

Good morning & happy Wednesday! Today’s issue is super interesting as we’re going to look at Big US banks that are facing lending income squeeze as the interest rate era shifts (holistic overview of the situation & what can we expect next + lots of bonus deep dives into latest financials of top banks & other finance giants), and UK's bold move to fight FinTech fraud (what it’s all about, why it matters & what’s next + bonus dives into rising importance of AI in all things RegTech). Let’s just jump straight into the game-changing stuff 🌶️

Big US banks face lending income squeeze as interest rate era shifts 📉🏦

Following the money 💸 The four largest banks by assets - JPMorgan Chase JPM 0.00%↑, Bank of America BAC 0.00%↑, Citigroup C 0.00%↑, and Wells Fargo WFC 0.00%↑ are bracing for their lowest lending income in nearly two years.

This development comes as the Federal Reserve's high interest rate policy appears to be winding down, marking a potential end to a period of robust profits for these financial giants.

Let’s take a quick look at this, see why it matters, and what’s next.