Tue, 26 Aug 2008

FDIC: bank profits fell by 86 percent in 2Q

You'll see me shed no crocodile tears for these folks...

AP - U.S. banking industry profits plunged by 86 percent in the second quarter and the number of troubled banks jumped to the highest level in about five years, as slumps in the housing and credit markets continued.

(link) [Yahoo! News: Top Stories]

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