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Miscellaneous

Fourth-Quarter Earnings at Banks Fall to 16-Year Low

FEB 26, 2008 11:37pm ET

WASHINGTON – Earnings at U.S. banks and thrifts plummeted almost 84% for the fourth quarter to a 16-year low of $5.8 billion, as banks and thrifts moved billions of dollars of additional funds into their provisions for loan losses.

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