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U.S. bank profits jump in 2021 as firms shed credit loss reserves, FDIC says

U.S. bank profits jump in 2021 as firms shed credit loss reserves, FDIC says

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U.S. banks saw their profits jump nearly 90% in 2021 as firms shrank how much money they were setting aside to protect against credit losses, the Federal Deposit Insurance Corporation said on Tuesday.

...read full article on Reuters

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