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FDIC: Bank Profits Dropped 36.5 Percent In 2020

FDIC: Bank Profits Dropped 36.5 Percent In 2020 The Federal Deposit Insurance Commission or FDIC reports that United States banks saw significantly lower profits in 2020 than in 2019. Banks had earnings of about $147.9 billion in 2020. While the value might seem massive, the tally is 36.5 percent less than they had in 2019. …

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