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The Boston Globe

Business

US banks’ profits are best in six years

But some say economy is not the main reason

WASHINGTON — US banks are enjoying their best profits in six years and are lending a bit more freely. The gradual improvement suggests the industry will sustain its healing from the worst financial crisis in decades and help strengthen the economy.

The industry earned $37.6 billion from July through September, a 6.6 percent increase from a year earlier.

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