US Regional Banks Report Strong Third-Quarter Earnings on Loan Demand
Several US regional banks reported strong third-quarter earnings, with robust business loan demand contributing to results. The report says this adds to signs of economic resilience despite rising borrowing costs.
By Pritam Biswas, Arasu Kannagi Basil and Prakhar SrivastavaA clutch of US regional banks reported strong third-quarter earnings this week, powered by robust loan demand from businesses, adding to signs that the economy remained resilient despite rising borrowing costs.Earlier in the week, the bigg…