Business news in brief

Posted: December 5, 2012 at 3:45 a.m.

QUOTE OF THE DAY “Banks had set aside a lot of money to cover loan losses that never occurred.They don’t see loan losses so great in the future that they need those large balances.” James Chessen, American Bankers Association chief economist Article, 1D

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Business, Pages 26 on 12/05/2012