hosted.ap.org - WASHINGTON (AP) -- U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans.The Federal Deposit Insurance Corp. says the banking industry earned $42.2 billion in the second quarter, up 23 percent from the second quarter of 2012. About 54 percent of U.S. banks reported improved earnings from a year earlier.Banks' losses on loans tumbled 30.
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