Huntington Bank CFO on 2Q Earnings, Rate Environment
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Shares of Huntington Bancshares were under pressure after the regional bank's second quarter earnings, specifically net interest margin, failed to meet expectations. CFO Zach Wasserman says that despite this, the bank's consumer base is still operating normally, with mass affluent customers maintaining spending and demand. Wasserman also weighs in on the current interest rate environment and Federal Reserve rate path, expecting a higher-for-longer regime. He speaks with Carol Massar, Tim Stenovec, and Bloomberg News CFO Briefing Editor Nina Trentmann on Bloomberg Businessweek Daily.