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Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom

The largest banks in the United States collectively raked in tens of billions of profits in the second quarter, despite the war in Iran and persistent inflation.

Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom

The largest banks in the United States collectively raked in tens of billions of profits in the second quarter, despite the war in Iran and persistent inflation.