Some of the notable names in this space are JPMorgan JPM, Bank of America BAC, Citigroup C and Wells Fargo WFC. Conclusion The FDIC chairman, Martin Gruenberg, said, “The banking industry still faces significant downside risks from the continued effects of inflation, rising market interest rates, and geopolitical uncertainty. Though higher interest rates, decent loan demand and a changing revenue mix will offer much-needed support to banks’ top line, rising deposit costs will weigh substantially on it.