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The Boston Globe

Business

Fewer US banks failing as industry strengthens

WASHINGTON — US 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 are helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing, and anxious consumers.

As the economy heals from the worst financial crisis since the Great Depression, more people and businesses are taking out and repaying loans.

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