The U.S. banking sector recorded $60.7 billion in profits in the first quarter of 2019, an increase in profit levels from the year prior, according to data from the Federal Deposit Insurance Corporation.
U.S. bank profits increased by $4.9 billion, an 8.7 percent jump compared to the first quarter of 2018. The FDIC said the profits were driven by higher net interest income.
The FDIC also reported that the number of “problem banks” had fallen from 60 to 59 in the first quarter, marking the lowest level of struggling institutions since the first quarter of 2007.
RBS investors to settle 2008 legal claim against state-backed lender
CBN injects $413.5m to defend the Naira
ATMs dominate banking transactions with N1.5bn value in Q1 2018, says Nigeria statistical agency
Nigeria overnight rates crash to 3.75% on inflow of N377bn OMO bills maturities
Goldman Sachs launches new online retail bank, Marcus
C&I Leasing boosts IOC partnership with acquisition of two new vessels
SEC to ease deceased investors' shares transmission
Budget minister tasks accountants on fight against corruption
Eid-el-Fitr: Bank Customers Decry Poor Network, Insufficient Funds in ATMs
Nigeria has N1tn financing gap yearly ― BoI