The headline is that the U.S. banking industry turned around in a big way in 2010 earning $87.5 billion, the highest since 2007. That’s a huge jump from 2009′s industry loss of $10.6 billion. Unemployment is still high at 9% according to the government, commercial real estate values are still in the dumps and home values according to Case-Shiller are still declining. Banks in the aggregate even charged off roughly the same ... MOREDouglas French: Banking Turnaround?
The headline is that the U.S. banking industry turned around in a big way in 2010 earning $87.5 billion, the highest since 2007. That’s a huge jump from 2009′s industry loss of $10.6 billion. Unemployment is still high at 9% according to the government, commercial real estate values are still in the dumps and home values according to Case-Shiller are still declining. Banks in the aggregate even charged off roughly the same ... MORE