Noninterest expense has increased faster than interest expense for all U.S.insured commercial banks in recent years.

Question

Quizplus · Accepted Answer

Data from the Federal Deposit Insurance Corporation (FDIC) shows that noninterest expense has been increasing at a faster rate than interest expense for U.S. insured commercial banks since 2015. This trend is expected to continue in the coming years due to rising costs associated with technology, compliance, and personnel.

Noninterest Expense Has Increased Faster Than Interest Expense for All