You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Bank Profits Soar, But Lending Drops

HeadlineSep 01, 2010

New figures meanwhile show the nation’s banks reduced lending last quarter while seeing their highest profit jump in three years. The Federal Deposit Insurance Corporation reported Tuesday that bank profits were up 21 percent to nearly $22 billion. But lending over the same period fell 1.3 percent, or about $96 billion. The exception was community banks or credit banks, which slightly increased lending during the same period.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top