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U.S. bank profits dip slightly as banks slow shrinking credit loss provisions

U.S. bank profits dip slightly as banks slow shrinking credit loss provisions

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U.S. bank profits fell 1.2% in the third quarter of 2021 to $69.5 billion as firms were slower to shrink their credit loss provisions and grappled with record-low interest rates, the Federal Deposit Insurance Corporation reported Tuesday.

...read full article on Reuters

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