U.S. bank profits fell 36.5% in 2020 on pandemic concerns: FDIC

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By Payne in News
Updated 3 years ago

U.S. bank profits fell 36.5% 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 Tuesday...

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