Anonymous ID: 117daa March 7, 2024, 7:45 a.m. No.20530804   🗄️.is 🔗kun   >>0864

>>20530797

TYB

o7

 

U.S. bank profits drop 44% in Q4 as big firms cover failed bank costs

Mar 7th, 09:09:16

 

By Pete Schroeder

 

WASHINGTON (Reuters) -The U.S. banking sector saw its profits drop by nearly half in the last quarter of 2024, as large firms began paying hefty fees to help recoup costs incurred by several bank failures last spring, the Federal Deposit Insurance Corporation reported Thursday.

 

Roughly 70% of the 43.9% decline in quarterly bank profits was due to specific, non-recurring expenses at large banks, primarily a special assessment fee larger banks were ordered to pay to the FDIC to replenish its deposit insurance fund. In all of 2023, bank profits were down 2.3% to $257 billion, but remain above pre-pandemic levels, the FDIC said.

 

The FDIC directed banks to pay the fee to recoup billions of dollars in losses its insurance fund suffered following the failures of Silicon Valley Bank and two other larger firms.

 

Overall, the latest quarterly numbers from the FDIC painted a mixed picture for the banking industry. On the positive end, the FDIC said bank deposits were up 1.1% in the fourth quarter, the first increase in nearly two years. Also, unrealized losses on securities, which had weighed heavily on some bank balance sheets, declined 30.2% to its lowest level since the second quarter of 2022.

 

Net operating revenue for the banking sector exceeded $1 trillion for the first time since the FDIC began tracking the data, the agency said.

 

https://PiQSuite.com/reuters/us-bank-profits-drop-44-in-q4-as-big-firms-cover-failed-bank-costs

Anonymous ID: 117daa March 7, 2024, 8:25 a.m. No.20530987   🗄️.is 🔗kun   >>1184 >>1423 >>1602 >>1693 >>1694

Andy Boreham 安柏然

@AndyBxxx

BBC's China correspondent, a man called Stephen McDowell, has accidentally shown viewers of Western, anti-China propaganda what we have been saying all along…

 

Thanks, BBC! ❤️❤️❤️

 

https://twitter.com/AndyBxxx/status/1765659108827611243

Anonymous ID: 117daa March 7, 2024, 8:27 a.m. No.20531001   🗄️.is 🔗kun

Gunther Eagleman™

@GuntherEagleman

J6 was staged.

Quote

The Gateway Pundit

@gatewaypundit

·

2h

DEVELOPING: CCTV Video Shows Kamala Harris Exiting US Capitol at 11:21 AM on Jan. 6 – DOJ Later Lied and Said She was in the Building During Riot and Used this Lie to Persecute Hundreds of Trump Supporters

 

https://thegatewaypundit.com/2024/03/developing-cctv-video-shows-kamala-harris-exiting-us/ #gatewaypundit via @gatewaypundit

 

https://twitter.com/GuntherEagleman/status/1765735532695326798