Share “News Summary: US banks' profit best in 6...”

News Summary: US banks' profit best in 6 years

Published on NewsOK Modified: December 4, 2012 at 6:07 pm •  Published: December 4, 2012

BANK PROFITS UP: U.S. banks are enjoying their best profits in six years and are lending a bit more freely. The gradual improvement suggests that the industry will sustain its healing from the worst financial crisis in decades and help strengthen the economy.

CAUTION FROM BIG BANKS: Some of the largest banks are cautioning, though, that their earnings are up mostly because they've sold less-profitable businesses, shed loans and trimmed jobs — not because of a more vibrant economy.

LENDING INCREASE 'MODEST': The chairman of the Federal Deposit Insurance Corp., Martin Gruenberg, said banks' increase in lending in the July-September quarter was "relatively modest."


  1. 1
    Robert Bates' self-reported records appear to support allegations he patrolled before obtaining...
  2. 2
    Dispute: Was Cecil the lion's brother, Jericho, killed?
  3. 3
    An Oklahoma Immigrant's Experience, Recast As Noir, In 'Dragonfish'
  4. 4
    Summer well spent: Youths shadow professionals in mentoring program
  5. 5
    Norman residents disturbed after seeing vulgar, racist graffiti on homes, vehicles
+ show more


× Trending business Article