Big California banks see 2011 earnings bounce

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By Henry Dubroff / Friday, January 27th, 2012 / Comments Off on Big California banks see 2011 earnings bounce

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Conventional wisdom holds that California is an economic basket case with high unemployment, billion-dollar budget deficits, a weak housing market and corporations that would rather flee than expand. But some top regional and national banks beg to differ. Their fourth-quarter and year-end earnings reports tell the story of increased profitability, loan growth and dwindling loss…

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