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Why Global Reach Could Be a Profitable Option for BAC and Peers

Why Global Reach Could Be a Profitable Option for BAC and Peers

Credit offtake is expected to be a challenge for bankers (XLF) this year as rate hikes can dissuade borrowers from leveraging up. Retail lending is driving current credit growth due to consumer confidence and a lower unemployment rate. In the second quarter, banks can see lower credit offtake across the major sectors.