McKinsey Sounds Alarm: Banks Face Temporary Profit Rebound Amid Falling Interest Rates

In a recent report, management consulting firm McKinsey & Company has sent a stark warning to banks globally about the precariousness of their profit margins. The firm points out that while there may be a short-lived recovery in bank profits, this rebound is likely to be overshadowed by the ongoing decline in interest rates, which have historically provided a vital cushion for bank earnings.

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