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Archive Home > 2009 > August > 28 > FDIC: Banks lost $3.7B in the second quarter

FDIC: Banks lost $3.7B in the second quarter


August 28, 2009

Even though financial stocks have rallied nearly 70 percent since the end of March, the Federal Deposit Insurance Corp. issued a grim quarterly report Thursday on the health of the nation's banks. It said the banking industry lost $3.7 billion in the second quarter amid a surge in bad loans made....

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