News from Christian Science Monitor:

Federal Deposit Insurance Corporation (FDIC) said Tuesday that the banking industry earned $ 34.5 billion in the second quarter, up from $ 28.5 billion in the second quarter of 2011. Banks were also less cautious about lending, though earnings growth remained ‘sluggish’ according to the Federal Deposit Insurance Corporation.

U.S. bank earnings rose 21 percent in the April-June quarter and lending to consumers increased, adding to evidence that the industry is strengthening four years after the financial crisis.

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