US banks signal economic trouble: declining deposits, loan risks hit profits
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US banks are signaling economic trouble as declining deposits and loan risks hit profits. The article highlights the challenges faced by US banks, including declining deposits and increasing risks associated with loans. The declining deposits indicate a lack of confidence in the economy, while the loan risks pose a threat to the banks' profitability. The author, Jordan Finneseth, discusses the impact of these factors on the overall economic situation. The article also mentions that gold prices could benefit from increased volatility and risk, and that a Trump victory could weaken the USD and boost bullion prices. The author emphasizes that the views expressed are his own and may not reflect those of Kitco Metals Inc. The article concludes by stating that it is strictly for informational purposes and not a solicitation to make any financial exchanges.

#UsBanks #EconomicTrouble #DecliningDeposits #LoanRisks #Profits

https://www.kitco.com/news/article/2024-07-15/us-banks-signal-economic-trouble-declining-deposits-loan-risks-hit-profits