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#TaxTheBanks Years of higher interest rates have sent our rent, mortgage, and debt payments soaring, while banks have raked in huge profits for doing absolutely nothing. The big four UK banks (Barclays, HSBC, Ll...

#Banks make #record #profits #revenue while #UK #bills go up!😡 We need to #tax #bank #BankProfits and #fund #NHS #schools . Let's sign #petition and ask #RachelReeves to #TaxtheBanks you.38degrees.org.uk/petitions/ta... @38degrees.bsky.social #People #PeopleOverProfit #Taxes #TaxEquality #TaxTwitter

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There's a race between the top 4 banks to get to a billion dollar yearly profit.
Might as well start with the Pay wave machines, especially those families that cant afford their shopping.

#bankprofits

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U.S. banks see profits climb in first quarter: FDIC WASHINGTON (Reuters) -The U.S. banking industry reported $70.6 billion in profits in the first quarter of 2025, a jump of 5.8% from the previous quarter, the Federal Deposit Insurance Corporation reported Wednesday. The regulator said profit growth was primarily due to climbing noninterest income at banks, which was up 7% on the quarter. "With strong capital and liquidity levels to support lending and protect against potential losses, the banking industry continued to support the country’s needs for financial services while navigating the challenges presented by economic uncertainty, elevated inflation and interest rates, tighter credit, and elevated unrealized losses," said FDIC Acting Chairman Travis Hill in a statement. However, banks also reported slight growth in provision expenses against potential loan losses. Those expenses were up 0.3% quarterly to $22.5 billion, and now stand 9.1% higher than a year ago. While bank asset quality remained generally favorable, with past-due loans relatively flat, the FDIC noted that banks are still grappling with struggles in commercial real estate, where overdue loans hit 1.49%, its highest level since 2014. Loan growth was also reported to be relatively slow, with balances climbing just 0.5% from the previous quarter. In terms of annual growth, banks are currently seeing just 3% growth, which is below the pre-pandemic average of 4.9%, the FDIC said.

Click Subscribe. #USBanks #BankProfits #FinanceNews #FDIC #QuarterlyResults

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