US bank profits were up 6.6% in the third quarter. And I suppose the banks aren’t satisfied and that is why they continue to raise fees. Wouldn’t it be nice up we could limit their increase in profits to the rate of inflation used to calculate COLA increases for government benefits? Then there would be less big business support for reducing entitlement cost of living increases.
- News Summary: US banks’ profit best in 6 years (mysanantonio.com)
- Bank quarterly profits hit $37.6 billion (banklesstimes.com)