JPMorgan, Citigroup and Wells Fargo Reap Gains From Rates Roiling Small Banks

Bloomberg, Apr. 14, 2023–Katherine Doherty
The three giant US banks, which kicked off the industry’s quarterly earnings reports Friday, are each finding ways to benefit from rate hikes that contributed to the collapse of Silicon Valley Bank in March and left customers at regional lenders racing to move uninsured deposits to safe havens.