Rate cut could prompt even tighter margins, mortgage surge

Published on March 12, 2020
Rate cut could prompt even tighter margins, mortgage surge Bea Doblas Thu, 03/12/2020 - 06:12pm

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The squeeze on banks to generate revenue in a low interest rate environment got considerably tighter Tuesday when the Federal Reserve — in response to potential economic fallout from the spread of the novel coronavirus in the United States — announced the first emergency rate cut since the financial crisis.

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https://www.americanbanker.com/news/rate-cut-could-prompt-even-tighter-margins-…
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