This decade has been the best in living memory for America's commercial banks-so far. As our survey this week points out, banks have been growing fast around the world, from Tokyo to Moscow. But nowhere does the industry seem more triumphant than in the United States. Last year American banks declared a fifth straight year of record earnings. Their return on equity has been at a 60-year high. No bank has failed for almost two years, an all-time record.
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