Home Top Global News Bank profits slump 70% as virus rakes businesses, households

Bank profits slump 70% as virus rakes businesses, households

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Bank profits slump 70% as virus rakes businesses, households

NEW YORK —
The U.S. banking industrys second quarter profits fell by 70% from a year ago, the FDIC said Tuesday, as low interest rates and the economic turmoil of the COVID-19 pandemic weighed hea…
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