U.S. Banks Are Doing Okay, Made $34.5 Billion Profit Last Quarter

U.S. Banks Are Doing Okay, Made $34.5 Billion Profit Last Quarter

While the big banks plead hardship and whine about having their profits eroded by regulatory reform, they fail to mention that the American banking industry appears to be doing okay, with 12 straight quarters of year-over-year growth and $34.5 billion in profit in the second quarter of 2012 alone. [More]