WASHINGTON — A pullback in reserves helped drive another solid profit for banks and thrifts last quarter, but the Federal Deposit Insurance Corp.'s assessment of the industry's health Tuesday was tempered by mortgage fallout concerns.
Officials said the robo-signing scandal could leave banks with a financial hit, including the extreme case of judges forcing them to recoup loans. That combined with residual losses and a slow recovery means banks should not rest on their laurels, they said.
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