U.S. bank profits fell 36.5per cent in 2020 from the year prior as banks set aside massive amounts to guard against potential losses, but the industry showed signs of strengthening in the fourth quarter as the economy begins to recover from the pandemic, a regulator reported on Tuesday.
Tuesday 2 March 2021
channelnewsasia - 7 days ago
US bank profits fell 36.5per cent in 2020 on pandemic concerns - FDIC
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