Banks Rake In $21.7B Profit in Q4 2010
February 23, 2011 at 12:26 PM EST
The banking industry continues to recover from the 2007-2009 financial crisis. Industry profits were up considerably from a year ago standing at $21.7 billion in the fourth quarter of 2010, which compares to a net loss of $1.8 billion a year ago, according to the quarterly banking report released Wednesday by the FDIC. – Reuters
