Big US Banks See Profits Surge

Big US banks had a great quarter. The four giant lenders that reported full-year results Wednesday notched their second-most profitable year ever in 2024, trailing only Joe Biden’s first year as president. Katherine Doherty reports.
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[louistan]

Profits surged with unrealised bad debt losses not in the equation.

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Well everyone is about to default, and Trump is committed to lowering rates temporarily.

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