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US banks’ fee income helps offset lower interest income: Fitch

ISTANBUL: American banks’ fee income in the second quarter has helped offset their lower net interest income, according to reported financial results, Fitch Ratings said Wednesday.

“The largest U.S. banks maintained prudent reserves and capital to co…

US manufacturing PMI falls to 7-month low

ISTANBUL: The US Manufacturing Purchasing Managers’ Index (PMI) declined in July to its lowest in seven months, global data provider S and P Global said Wednesday in a report.

The index, which measures the activity level of purchasing managers in the…