Maryland banks saw their profit nearly double in 2012, posting the highest yearly total since 2007 and further signaling the state’s banking industry is on the rise after the recession.
The state’s 80 banks insured by the Federal Deposit Insurance Corp. posted a profit of $164 million in 2012, up from $84 million in 2011, according to FDIC data released Tuesday. There were 84 state banks in 2011 and 97 in 2007, by comparison.
The banks had total assets of $33.7 billion in 2012, up from $32.9 billion a year before. Total deposits grew to $27.6 billion, up from $26.7 billion in 2011. More
how come my savings account is making zero interest. how come all I hear is they dont pay any interest because the economy is so bad and they arent making any money. I thought all those rule changes were going to bankrupt them.
It's probably the overdraft fees from those who lost their jobs. Fantastic economic planning here. Oh, I forgot, all those bailouts we don't get to have in the headlines, because, that would piss people off...
how come my savings account is making zero interest. how come all I hear is they dont pay any interest because the economy is so bad and they arent making any money. I thought all those rule changes were going to bankrupt them.
ReplyDeleteIt's probably the overdraft fees from those who lost their jobs. Fantastic economic planning here. Oh, I forgot, all those bailouts we don't get to have in the headlines, because, that would piss people off...
ReplyDelete