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Why the global supply-chain crisis is also terrible for Wall Street lenders

BM   Photo by John Lamparski:Getty Images

Summary List Placement

A frothy M&A environment helped to boost profits at the big banks in the second quarter, as did large releases of loan loss provisions firms had stored away in the depths of the COVID-19 pandemic last year. 

But as revenues in fixed-income trading fell short of those seen during last year’s volatile markets, most eyes were on both consumer- and commercial-loan demand as a barometer of economic recovery when banks reported earnings on Tuesday and Wednesday.

Both individuals and corporations have remained flush with enough cash for months to pay down debt — a healthy habit for details ⇒

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