US Bancorp: We're excited for higher rates
2015-06-10With the Federal Reserve expected to raise interest rates later this year,U.S. Bancorp is bracing for a bump in its lending and savings businesses, CEO Richard Davis said.
He also thinks higher rates will bring homebuyers off the sideline, as they will want to get mortgages before rates on these loans return to historically normal levels.
More exciting, said Davis, is that higher rates will finally allow the bank to start conversing again with savers.
Davis said there is a whole population out there looking for the security a bank CD or savings account can provide, but which instead has put money in riskier instruments, looking to get more yield.
- *E-mail：
- *Cel：
- *Password：
