Comment on US bank earnings up 7.3 percent in 3Q

US bank earnings up 7.3 percent in 3Q

The data issued Tuesday by the Federal Deposit Insurance Corp. showed that the banking industry continues to recover from the financial crisis that struck six years ago. Banks loan balances rose by $50.2 billion to $8.2 trillion in the quarter, helped by an increase in commercial and industrial loans as well as auto loans. The FDIC, created during the Great Depression to insure consumer's bank deposits, also monitors and examines the financial condition of U.S.

 

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