Merger boom lifts banks despite loan woes

April 16, 2015 7:12 PM

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How big banks are offsetting the pain of low interest rates with investment banking, brokerage, and — for the lucky few — trading.

The banking industry, which lives on loans, is being squeezed by long-term, low interest rates, which is eating into profits. But big banks like Goldman Sachs, JP Morgan Chase and Citigroup are offsetting the pain with gains from other banking services, like investment banking, brokerage, and — for ...

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