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By Pritam Biswas and Prakhar SrivastavaMajor US banks reported solid loan and deposit growth in the third quarter, but lenders are paying a premium to retain customer funds in a fiercely competitive, high-interest-rate environment.JPMorgan Chase NYSE:JPM, Citigroup NYSE:C and Wells Fargo NYSE:WFC a…
(Updates with market moves at the end of the day, and other changes, if any.) The Dow Jones Indus
Major US banks reported solid loan and deposit growth in the third quarter, but rising funding costs and intense competition for customer deposits put pressure on lending margins amid high interest rates. JPMorgan Chase, Citigroup and Wells Fargo reported higher net interest income on Tuesday, followed by Bank of…