[Slonopotam845]

Hi friends I got to know that there US banking industry posted a net profit of about $40.3 billion. It is seem to be seen as a good sign of recovery after the financial crisis through a record low rate of interest rate.

[9mm_fan]

Yeah I also came to know the first-quarter profit tops the previous record set more than six years ago, before the financial crisis and Great Recession. It is good to see such a wonderful financial results were driven as there is need to keep aside some money for by cover bad loans.

[Beerinkol]

Yeah not only to cover bad loans as well as for the some one-time savings, including proceeds from legal settlements. According to estimate the just four of the nation has approximately 7,000 FDIC-insured banks which failed during January-through-March period, and the lowest quarterly figure since 2008.

[NeroASERCH]

It is good to see such a good sign of recovery as the most importantly Bank profits were helped by the need to set aside less money to cover bad loans. Loan losses dropped significantly first quarter, the lowest level since 2007. The major and recognizable biggest improvement was on residential mortgages.

[brraverishhh]

If such recovery signs continue to emerge in a constant pace obviously there is a investor confidence boost up and hence bankers might be tempted to look for higher-yielding investments and high returns and regulators need to take care that bank should need to take excessive risk.