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Banks trade their way to profit; loan losses ease [AP]

Wednesday, April 21, 2010 - 6:57 PM
From AP via Yahoo Finance
Banks use trading to boost earnings while loan losses start to show signs of improvement
As you might expect, they're also profiting from the very low interest rates:
Banks have been profiting in recent quarters from continuing low interest rates that allow them to borrow money cheaply and put it into higher-yielding investments such as stocks and corporate bonds.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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