Banks on better footing in 2012

Profits best since 2006, failures are fewest since financial crisis

Posted: December 29, 2012 at 2:18 a.m.

A pedestrian passes a Wells Fargo branch bank in Philadelphia earlier this month. U.S. banks are on pace to end the year with their best proÿts since 2006.

U.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They’re helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.

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Business, Pages 25 on 12/29/2012