Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Higher Rates Turbocharge Lending Income for Biggest US Banks
Business & Finance

Higher Rates Turbocharge Lending Income for Biggest US Banks

Bloomberg Markets Tuesday 13 October 2026, 20:58 UTC 1 min read
Key Points

Oct 13th, 2026 Higher Rates Turbocharge Lending Income for Biggest US Banks Three of the biggest US banks set a fresh record in the third quarter for how much they earned from lending, with customers continuing to borrow even as interest rates increased. Norah Mulinda reports.

Oct 13th, 2026 Higher Rates Turbocharge Lending Income for Biggest US Banks Three of the biggest US banks set a fresh record in the third quarter for how much they earned from lending, with customers continuing to borrow even as interest rates increased. Norah Mulinda reports.
US (LOCATION) Norah Mulinda (PERSON)
Originally published by Bloomberg Markets Read original →

Related Stories

Fed's Collins Says Rates Will Likely Need to Rise More

Oct 13th, 2026 Fed's Collins Says Rates Will Likely Need to Rise More Federal Reserve Bank of Boston President Susan Collins says interest rates will likely need to rise more before the end of the year to help rein in inflation during a banking conference hosted by the Boston Fed.

Bloomberg Markets 13m ago

Big Take: How India’s Options Market Imploded

Oct 13th, 2026 Big Take: How India’s Options Market Imploded Millions chased fast profits through complex trades. It ended with billions lost. How India’s options market unraveled and where retail traders go from here.

Bloomberg Markets 17m ago

Applied Materials CEO on Doubling Revenue Thanks To AI

Oct 13th, 2026 Applied Materials CEO on Doubling Revenue Thanks To AI Applied Materials CEO Gary Dickerson says he expects revenue to double over the next few years. He notes that Applied Materials had opened a $5 billion research and development center in Silicon Valley to speed development of next-generation chips. He speaks with Ed Ludlow on "The Close."

Bloomberg Technology 23m ago

Skydance Bonds Extend Losses Amid Buyout Angst

Skydance Bonds Extend Losses Amid Buyout Angst Skydance Corp. bonds weakened further on Tuesday, and the cost of protecting the company’s debt against default jumped, as investors fretted about the profitability of the company after its $110 billion acquisition of Warner Bros. Discovery Inc. The company’s 9.125% junk bonds due 2036 dropped about 2.5 cents on the dollar to 91 cents on Tuesday, according to Trace. The notes were sold at 100 cents on the dollar on Sept. 30.

Bloomberg Markets 35m ago