Bad loans cut banks' earnings
WASHINGTON — Federal regulators say U.S. banking industry profits plunged by 86 percent in the second quarter.
Federal Deposit Insurance Corp. data show federally insured banks and savings institutions earned $5 billion in the April-June period, down from $36.8 billion a year earlier.
The roughly 8,500 banks and thrifts also set aside a record $50.2 billion to cover losses from soured mortgages and other l...
You have selected to view an article that is older than 60 days. There are several ways to unlock access to NewsOK historical content.
Please sign in. (You might already have access)
If you are a print subscriber to The Oklahoman, activate your Digital Pass for free access.
Purchase any of The Oklahoman's digital products (digital replica, archives, iPad and smartphone apps), and access to historical NewsOK content is free.
Please sign in. (You might already have access)
If you are a print subscriber to The Oklahoman, activate your Digital Pass for free access.
Purchase any of The Oklahoman's digital products (digital replica, archives, iPad and smartphone apps), and access to historical NewsOK content is free.
