Daily News: October 3, 2012

No Joy on Wall Street Despite Big Bank Earnings


Bloomberg notes in an article on October 3, 2012 that the combined $63 billion in profit reported by the six largest U.S. lenders over the four quarters through June is more than they earned in any calendar year since the peak in 2006.

Bloomberg said, according to interviews with more than a dozen bank executives and analysts, that those billions of dollars in profits aren