FDIC reports banks $105B earnings lowest in 16 years.
Real Estate Weekly › March 26, 2008
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FDIC reports banks $105B earnings lowest in 16 years.
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported net income of $105.5 billion in 2007, a decline of $39.8 billion (27.4 percent) from the record $145.2 billion that the industry earned in 2006.
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