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Banking that matters still struggling

"While the wheeler-dealer side of the financial industry, aka trading operations, is highly profitable again, the part of banking that really matters — lending, which fuels investment and job creation — is not. Key banks remain financially weak, and their weakness is hurting the economy as a whole," columnist Paul Krugman wrote. He noted that many banks "remain reluctant to lend, and tight credit, especially for small businesses, stands in the way of the strong recovery we need."

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