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FDIC: Banks post record quarterly income
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Banking
Tuesday, September 8, 2015
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The latest quarterly report on the banking industry by the Federal Deposit Insurance Corp. shows that institutions report record income, with problem banks at a seven-year low and the Deposit Insurance Fund reserve ratio doubling since last year. And yet there remain challenges, the FDIC chairman said. Read on to find out why he said all is not sunshine and roses for the banking industry.
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