Banks Earn Record Profits

Ben Bernanke might not be pumping much life into employment or wages but he’s got the banks on a roll: record profits in the first quarter–$40.3 billion. That’s a 16% increase from last year’s Q1. “We … note that large, nonrecurring income and expense items at some of the industry’s largest institutions exerted a significant [...] View the full post at: Banks Earn Record Profits Related posts: FDIC to Require Buyout Firms to Hold Banks for Three Years Two More Banks Fail, Making 57 in 2009 Banks Fail in Georgia, Kansas and North Carolina, FDIC