The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A woman walks past as customers use ATMs at a Bank of America banking center in New York's financial district in this January 17, 2013 file photo. Bank of America Corp reported a third-quarter profit of $2.22 billion, compared with a loss a year earlier, as provisions for credit losses and expenses fell.
A woman walks past as customers use ATMs at a Bank of America banking center in New York's financial district in this January 17, 2013 file photo. Bank of America Corp reported a third-quarter profit of $2.22 billion, compared with a loss a year earlier, as provisions for credit losses and expenses fell.
(Brendan McDermid/Reuters)

U.S. banks struggle with shrinking revenues

In tough times, banks have several ways to boost their bottom lines. They can cut back on costs, or convince investors to disregard one-time charges. If they’re lucky, they’ll have some loan loss reserves to release.

But the one thing those tactics can’t mask is revenue trouble. And right now, that’s something U.S. banks of all sizes are grappling with.