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From California to Canada: RBC looks to move jobs north
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US banks profits to shrink as they brace for souring loans
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US banks profits to shrink as they brace for souring loans | Hellenic Shipping News Worldwide
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US banks profits to shrink on souring loans
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U.S. banking giants are expected this week to report lower profits for the fourth quarter after they set money aside to cover souring loans while also paying more to depositors. The largest banks' net interest income (NII) - or the difference between what they earn on loans and pay out on deposits - probably fell on average 10% in the fourth quarter, Goldman Sachs analysts said. Banks' profits will likely be squeezed as they set aside more reserves in the fourth quarter to prepare for customers to default on the loans.