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Bank profits up $12.5 billion year-over-year

Third-quarter banking results showed much better news on almost all fronts than during the past few years. Year-over-year bank profits have skyrocketed in the third quarter at the nearly 8,000 insured commercial banks and savings institutions that report to the Federal Deposit Insurance Corp. Although net profits totaled $14.5 billion, compared to $2 billion reported… Continue Reading Bank profits up $12.5 billion year-over-year