The disparate impact of COVID-19 on low-income, minority communities will likely exacerbate their ability to build savings and get access to credit, according to a new survey from the FDIC.
The largest banks expressed optimism that the worst of COVID-19 is behind them, hoping that a recovery should provide a positive boost in coming quarters.
Bank stocks have gone unloved in the market rebound, but the largest U.S. banks hope to show investors this week that the worst is behind them.