Bank profits up but not for long

November 1992
U.S. News & World Report;11/2/92, Vol. 113 Issue 17, p11
Says that while the banking industry is currently showing signs of a rally, its recovery may be short-lived. Commercial banks earned a record $15.5 billion for the first half of 1992, essentially due to profits from the gap between the high rates they charge borrowers and the low rates they pay savers. Figures for Citicorp and Wells Fargo & Co.


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