How banks profit: Yahoo U explains

#bankearnings #banks #bankprofits
Yahoo Finance's Brian Cheung beaks down how bank profitability.

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[PaulRizzo]

1. Bribe politicians from both sides
2. Charge sky high interest rates in a 0 rate environment
3. Foreclose on, hold for years then resell property
4. Ensure that loans are only given to white people ensuring the racial wealth gap never closes.
5. Pay your workers lower wages now adjusted for inflation then you did in the 1970s
6. Slowly phase out all human beings as you talk about valuing employees.

[keni_g]

WFC additional 500 Million common share buyback, total 667 Million

[ramondrpp]

the banks income is the interest % you pay for credit cards and loans

[jeanbaillargeon]

Banks profit = credit and high interest.

[mariapertin]

I’ll advice you invest and be a part of the forex financial market especially now when the forex market is very profitable for it’s new investors/students.The FX market is at a very good income/profit rate most especially if you’re well guided by an expert forex trader.. you should reach out to an expert for guidance