The country’s largest banks escaped the crisis that just weeks ago brought down two midsize U.S. lenders, unnerving regulators and depositors. If anything, the tumult helped those giants rake in bumper profits. Even as the banks warned that the economy was on tenterhooks and that credit could become scarce, they said they would keep making loans and expected stronger profits if interest rates continued to rise. The robust earnings reports Friday also signaled that the crisis caused by the collapse of Silicon Valley Bank and Signature Bank last month has strengthened the biggest U.S. banks. Most smaller, regional banks, some of which face perilous futures, will not report results until later this month.

Source: CNN April 14, 2023 11:50 UTC