AN INDUSTRY IN TRANSITITON
America’s thrift industry is on the road to recovery, after the most traumatic period in its history. But, many of its members are still weak — some of them crippled — and the industry as a whole remains vulnerable to any sharp increase in interest rates.
Barring any such increase, the industry is expected to generate record profits this year, with some estimates ranging as high as $5 to $7 billion. That would mark the second consecutive year of robust profits, following last year’s earnings of $3.8
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