US Banks, Margin Squeeze

The Economist, 9 March 2006Banks in America have had a rich few years. Now the going will be harderLIFE has been good for American banks. Low interest rates, a roaring mortgage market and borrowing by the spendthrift American consumer have sent money washing into their coffers. According to the Federal Deposit Insurance Corporation (FDIC), one of America's many financial regulators, banks chalked