Recovering U.S. banking industry sees best results in 6 years

12/4/2012 | Reuters · Wall Street Journal, The

With a bigger lift from traditional revenue sources than from set-asides for bad loans, the U.S. banking industry saw its healthiest profits in six years in the third quarter, according to the Federal Deposit Insurance Corp. "Loan growth is becoming more established. Banks continue to clean up and strengthen their balance sheets," said FDIC Chairman Martin Gruenberg.

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