.... Many of the banks that are larger than Citizens have been able to report profits recently, buoyed by revenue from their investment banking and trading units and money from the divestiture of some business lines.
See: The Boston Globe's Golden Insults
Meanwhile, most Massachusetts community banks that are smaller than Citizens have also been profitable because they did not have as many bad loans....
Like the ones around here?
So far, the losses don’t appear to have scared away customers. The company’s deposits have risen from $71 billion to $78 billion over the past year, a sign that customers are socking away more money in Citizens’ bank accounts. In Massachusetts, nearly half of Citizens’ branches are located in grocery stores and offer extended hours.
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