US�s Biggest Banks Decelerate

The Economist, 24 January 2006Perhaps banks really believe that bolstering earnings through temporary fixes is a good strategy, a kind of show of effort, even if it is not particularly effective in convincing the market that they run promising businesses. Over the past week, America�s three biggest banks�Citigroup, J.P. Morgan Chase and Bank of America (BofA)�reported earnings that looked good at