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Banks Under Pressure Amid Fintech Shift | Business and Finance News
Description
Banks are booming—thanks to loans and fees—but not all are built to last. S&T Bancorp’s growth is sluggish, earnings flat for two years. Ladder Capital’s revenue and profits are falling, book value stuck for five years. Even Bank of America, despite its size, lags in interest income and margins. The fintech wave is reshaping the sector, and only the agile will thrive.
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