The FT is reporting that two US banks which are to receive $25 billion EACH made ridiculous profits in the third quarter alone.
Apparently Wells Fargo made $1.6 billion, while JP Morgan Chase (booo, hssss, get off) made just a half billion dollars.
Insane?
Source: "Three big US banks unveil $2.6bn in profits", Financial Times 16/10/2008
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