Industry earnings improve but challenges persist
The banking industry earned $2.8 billion in the third quarter, up from a $4.3 billion loss in the second quarter and earnings of $879,000 in the third quarter of 2008, according to the FDIC. Loan loss reserves rose to $62.5 billion, with two out of three banks raising their loss reserves in the third quarter. However, reserves rose at a slower rate than in the second quarter. Charge offs and non-current loans also rose at a slower rate . . .
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