A new report from the Federal Deposit Insurance Corp. (FDIC) shows that commercial banks and savings institutions saw a significant decrease in profits from a year ago, while liquidity and capital levels remained strong to meet loan demand and absorb any losses in the future.
The decline in net income is a continuation of uncertain economic conditions.
Read on for details from the FDIC’s latest Quarterly Banking Profile, and for reaction from the American Bankers Association.
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