Big Banks’ Lending Profits Top Expenses

22 Jan 2013

The nation’s four largest banks raked in a combined $24.4 billion from home lending last year, compared with shelling out more than $21.7 billion in expenses related to settlements and loan buybacks.

The nation’s four largest banks raked in a combined $24.4 billion from home lending last year, compared with shelling out more than $21.7 billion in expenses related to settlements and loan buybacks. Loan originations by Wells Fargo, JPMorgan Chase, Bank of America and U.S. Bancorp totaled $1.75 trillion—the ...

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