Noninterest expense has increased faster than interest expense for commercial banks in recent years.

Question

Quizplus · Accepted Answer

This statement is true. According to data from the Federal Reserve, noninterest expenses for commercial banks in the US have increased at a faster rate than interest expenses over the past decade. This has been driven, in part, by increased regulatory requirements and the need to invest in technology to compete with financial technology (fintech) firms.

Noninterest Expense Has Increased Faster Than Interest Expense for Commercial