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Bank profits edge higher as rates and demand shift
Bank earnings in the latest quarter rose 10 to 15 percent over summer 1956 led by higher loan rates and strong business demand. Signs of change include tapering loan demand and potential rate leveling, while rising deposits and stock issues bolster banks’ income despite losses from government bond sales. A cobalt therapy unit was installed at Christchurch public hospital in New Zealand.
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New York
Ben
Christchurch
New Zealand