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Banks are healthier now than during the Great Recession

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The Citibank logo is seen on a sign at a Citibank office April 18, 2008 in San Rafael, California.

Citigroup's net income of $3.2 billion, or $1.40 per share, topped analyst expectations for the third quarter. Justin Sullivan/Getty Images

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Positive third-quarter results for banks tell us how people are saving during uncertain times

Susan Schmidt, head of U.S. equities with Aviva Investors, says banks are making progress toward growth thanks to people saving. “They’re being conservative right now,” she said. “And you see the deposits growing in the bank, that’s two legs of the stool that we need to see growth at banks. The next step would be loan growth. And hopefully we’ll start seeing that in the fourth quarter.”

What does a census undercount mean for state and local governments?

by David Brancaccio , Jasmine Garsd and Alex Schroeder Oct 14, 2020
Those most in need of federal funding could be left out of the census count.
Race and Economy

In Texas, some Black-owned barbecue restaurants saw an uptick in business during summer protests

by Elizabeth Myong Oct 14, 2020
For some, the surges in business helped weather challenges during the pandemic. But there are many Black-owned businesses that could close because of COVID-19.

Music from the episode

Days To Come Bonobo, Bajka

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