Stubborn inflation continues to plague the nation's largest banks, as evidenced by their recent earnings releases. Despite some signs of inflation cooling off, major banks like Citi, JPMorgan Chase, and Wells Fargo are still facing challenges. JPMorgan and Wells Fargo saw a decrease in overall deposits and had to raise interest rates on checking and savings accounts, impacting their revenue. High interest rates this year have not only affected the banks but also deterred customers from taking on new debt, a key source of income for financial institutions. Wells Fargo, for example, reported a 9 percent decrease in net interest income, leading to a decline in profit, while loan demand from businesses remained low. The banks' struggles highlight the ongoing complexities of navigating the current economic environment, where inflation and interest rates play a significant role in determining financial performance.