Beginning in 1995 savings and loan profits were fully competitive with the profits of commercial banks.

Question

Quizplus · Accepted Answer

The savings and loan crisis of the 1980s and early 1990s led to significant financial losses and the insolvency of many savings and loan institutions. By 1995, the industry was still recovering, and its profitability was not fully competitive with that of commercial banks, which generally had more diverse and stable sources of income.

Beginning in 1995 Savings and Loan Profits Were Fully Competitive