The banking industry made record profits of $171 billion in 2016. We put that big pile of money into perspective.
Anyone who still thinks big U.S. banks are hurting financially might want to take a look at the latest earnings reports from the biggest of the super bigs. Although the income wasn’t all that equal, even the smallest pie was more than $1 billion. Here, with numbers and comments, from the banks’ press statements is
Consumers are feeling the pinch of a weak economy, but banks and thrifts are doing okay, judging by recent statements from the National Foundation for Consumer Counseling, or NFCC, the Federal Deposit Insurance Corp., or FDIC, and the federal Office of Thrift Supervision, or OTS. First, the consumers. A recent NFCC poll found that 91 percent of