WASHINGTON — The U.S. banking sector saw its profits drop by nearly half in the last quarter of 2024, as large firms began paying hefty fees to help recoup costs incurred by several bank failures last spring, the Federal Deposit Insurance Corporation reported Thursday. Roughly 70 percent of the 43.9 percent decline in quarterly bank profits was due to specific, non-recurring expenses at large banks, primarily a special assessment fee Read The Rest at :