homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate



Subscriber content preview

August 3, 2009

All Business: U.S. banks should say thanks to Uncle Sam

  • Federal debt guarantees and near-zero interest rates have given banks' earnings lots of juice, and they could both disappear soon.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — Bank CEOs should give Uncle Sam some kudos in their earnings reports. Without the U.S. government's help, financial companies wouldn't be showing such stellar results in the midst of a recession.

    There has been a flood of surprisingly strong profit news coming from the nation's banks in recent weeks. Asset sales and higher trading volumes have been a big help, but that's not all that got them there.


     
    . . .


    To read this story in full login or purchase a subscription.



    Previous columns:


    
    Email or user name:
    Password:
     
    Forgot password? Click here.