As borrowers repay, bank earnings up

Filed under: AM Roundup |

Borrowers are doing a better job of making payments, and that’s boosting bank profits, said the Washington Post.

Banks are reporting a 21 percent increase, up to $34.5 billion in the second quarter, according to reports from the Federal Deposit Insurance Corp.

The number of delinquent loans tumbled to 29 percent, the lowest in three years.

Read more at the Washington Post.