Wall Street is well fueled for a dog-eat-dog 2022
Big American banks are on a roll. JPMorgan and Citigroup on Friday reported record full-year https://jpmorganchaseco.gcs-web.com/static-files/71d42762-a4d9-435b-9486-b7327e378dca earnings https://www.citigroup.com/citi/news/2022/fourth-quarter-2021-earnings.htm for 2021. Wells Fargo might have too, had regulators not forced it to shrink. Customers and financial markets were exceptionally cooperative in 2021 and will probably continue to be so in 2022. But after a period playing on the same side, the lenders’ chief problem is now each other.