10172017Tue
Last updateWed, 11 Oct 2017 2pm

U.S Banks Post Second-Highest Profit in 23 Years in 2Q 2014

(Wall Street Journal) Banks are lending to companies and individuals at the fastest pace since the financial crisis, helping propel profits to near-record levels.

U.S. banks posted $40.24 billion in net income during the second quarter, the industry's second-highest profit total in at least 23 years, according to data from research firm SNL Financial. The latest profits are just below the record $40.36 billion recorded in the first quarter of 2013. ... Read more...

" If the American People ever allow private banks to control the issue of currency, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered... "

--Thomas Jefferson

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