Banks expected to continue feeling squeeze in lending margins

Nancy Lavin

01/03/2020

SHRINKING NUMBERS: Local banks have seen their net interest margin getting smaller over the last 12 months, which translates to lower interest income. That situation isn’t expected to change much in 2020./ SOURCES: SEC FILINGS; FDIC QUARTERLY BANKING PROFILE

For Marc Perlman, principal owner and CEO of Ocean State Job Lot, the Federal Reserve’s outlook for 2020 is the best business fortune he could have hoped for. After cutting interest rates three times in 2019, the Fed has indicated it plans to hold rates right where they are for the next 12 months. A

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