Tag: souring

Trump-backing US Senate Republicans souring on longtime leader McConnell

By David Morgan WASHINGTON (Reuters) – Top U.S. Senate Republican Mitch McConnell‘s negotiations with Democrats to try to secure more Ukraine aid has drawn mounting attacks from hardliners within his party that some lawmakers say is a direct result of Donald Trump‘s rising influence. The Kentucky Republican, the chamber’s longest-serving party leader at 81, has […]

US banks’ profits to shrink as they brace for souring loans

By Tatiana Bautzer NEW YORK (Reuters) – U.S. banking giants are expected this week to report lower profits for the fourth quarter after they set money aside to cover souring loans while also paying more to depositors. The largest banks’ net interest income (NII) – or the difference between what they earn on loans and […]