Banks are collectively posting their most substantial profits in a decade, according to a new assessment from the consulting giant McKinsey. McKinsey says the rise in interest rates has paved the way for banks to widen their net interest margins and earn more on loans and mortgages, with the industry’s global profits growing by roughly The post Bank Profits Surge by $280,000,000,000 Globally Due to Sharp Increase in Interest Rates: McKinsey appeared first on The Daily Hodl .
