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FDIC: Banks' 3Q Profits the Highest in Years
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FBN's Liz MacDonald breaks down mid-afternoon market news.
- Duration 0:59
- Date Dec 4, 2012
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FBN's Liz MacDonald breaks down mid-afternoon market news.
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Elizabeth out of -- Fox Business three stocks -- -- restrain gains or losses today.
As investors continued to focus their attention in Washington DC and the fifth -- negotiations.
US banks posting their best quarterly performance in six years.
According to the FDIC banks posted a combined profit.
A more than 37 and have billion dollars during the third quarter and that's -- six point 6% increase in the same time last year.
The never banks for the agency's problem is also fell from 732 to 694.
And newly elected Massachusetts senator Elizabeth Warren.
Has been tapped by Democrats for a seat on the senate banking committee Lauren wonder is he campaigning as a populist -- crackdown on big banks.
-- -- two years -- she unsuccessfully lobbied to run the Consumer Financial Protection Bureau.
Lisa Fox Business Network giving -- the power across.