What Downturn? Bank Profits Hit $34.5 Billion

Here's something that may (or may not) surprise about you about banks: They're raking in profits like it's 2006.

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BING NEWS:
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BING SEARCH:
  • HSBC tries to shake off US-China tensions as profits plunge
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  • HSBC says net profit plunged 96% in 2Q as pandemic took hold
    Europe’s biggest bank, HSBC, has reported Monday, Aug. 3, 2020, its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic stunted business activity. (AP Photo/Frank Augstein, File)
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