A survey of 10 leading U.S. banks showed that none have been hit with as many bank failures as those in the financial crisis, according to a report by The Associated Press.
The study found that eight banks are still solvent, with eight of them reporting the highest level of profitability.
It’s the latest example of the U.K.’s financial system recovering from the crisis.
The AP found that 10 of the banks that had the highest profit margins were also among the safest.
The five banks that were the worst performing were Wells Fargo, Citigroup, Goldman Sachs, Morgan Stanley and Bank of America.
The bank bailout that occurred in October 2010 led to a wave of new regulations, including new standards for customer and financial data, stricter lending standards, and stricter reporting requirements for financial institutions.
The banks are expected to file for Chapter 11 bankruptcy protection later this month.
