Big problem on the horizon for banks'

There appears to be a sudden interest-rate risk for banks, and some like Howard Atkins, the chief financial officer of Wells Fargo, were warned by a group of American agencies. They told banks that they needed to sharpen up their managment of interest-rate risk. They urged banks to plug a sudden rise of up to about four percentage points into their stress tests. Although this warning has been submitted, and banks are aware, they still choose to keep their rates extrordinarily low for an extended period.