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European banks' profit rebound signals revamps starting to pay off

Friday, August 7, 2015 - 05:50

Frankfurt

THE largest banks in the euro area posted their highest combined profit in more than four years, a sign that the beleaguered industry may be turning the corner.

The 10 biggest lenders by assets in the region earned 11.4 billion euros (S$17.2 billion) in net income in the