US bank profits near record levels

The country's banking industry posted its second-highest profit in 23 years in the second quarter

Banks are facing stiff headwinds, but their profits are racing to near-record levels.

The US banking industry delivered its second-highest profit in at least 23 years in the quarter ended June 30, according to data from SNL Financial dating back to 1991.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink