Smaller Loan Losses Help Boost Bank Profits

Fewer losses from loans and higher fee income helped propel U.S. banks’ earnings to record profits in the first quarter, according to the Federal Deposit Insurance Corporation.

  • 29 May 2013

Fewer losses from loans and higher fee income helped propel U.S. banks’ earnings to record profits in the first quarter, according to the Federal Deposit Insurance Corporation. The FDIC reported that the banking industry earned $40.3 billion in the quarter, up 15.8% from a year ago.

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GlobalCapital European securitization league table

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1 Societe Generale 13.43
2 Rabobank 12.61
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1 Bank of America Merrill Lynch 18,561.02 56 11.69%
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