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Why are banks so profitable amid economic hardship?

Their spectacular earnings raise questions over whether they are profiting at the expense of customers

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The extraordinary performance of banks have raised the hackles of critics, including politicians.

The extraordinary performance of banks have raised the hackles of critics, including politicians.

PHOTO: LIANHE ZAOBAO

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Are there businesses that thrive on other people’s misery?

I’m not talking about undertakers or fortune tellers.

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