KCUR 89.3
Overdraft fees typically don t make banks most of their money. But, a report shows that three banks with locations in Missouri collected overdraft revenue that exceeded half their profit in 2020.
Overdraft fees typically make up a small fraction of most banks’ profits. One researcher believes he has uncovered a business model where banks take advantage of little regulation on overdraft fees by using them as a primary source of revenue.
Banks traditionally make most of their money from the interest they collect on loans and investments. But a recent report found that a bank headquartered in Kansas City and its sister institution make most of their profit from overdraft fees.
The key gauge of US inflation expectations, as measured by the 10-year breakeven inflation rate, per the St. Louis Federal Reserve (FRED) data, remains on