A financial advisor buying prescription drugs online reviews A rise in interest rates can both help and hurt banks, depending on the businesses they are in. As rates rise, fewer borrowers are likely to refinance or buy a house, and that reluctance can cut into banks’ profit. Goldman, unlike its rival JPMorgan Chase, is not a big player in originating residential mortgages, but it does trade mortgages, and as rates increased, its revenue in this area fell. At the same time, the move by various central banks to raise rates ignited a flurry of currency trading, which helped Goldman and other banks.