Here & Now Here & Now

Support the news

U.S. Banks Post Near-Record Profits04:12
Download

Play
This article is more than 6 years old.

U.S. banks posted near-record profits during the second quarter of this year. New data from research firm SNL Financial, shows banks posted the second-highest level of net income in more than two decades.

This growth in profits is due, in part, to a surge in lending to both businesses and individuals.

The Financial Times' Cardiff Garcia joins Here & Now's Jeremy Hobson to discuss the forces behind the growth and whether average Americans will now be able to get more loans.

Guest

This segment aired on August 12, 2014.

Support the news

Support the news