Banking collapse in Q4 numbers, care of AMERICAblog

Merrill Lynch – $10 billion loss in Q4
Bank of NY – Q4 profit drops 68%
PNC Financial – Profits down 53%
JP Morgan – 24% decline in profits
Wells Fargo – down 38%
US Bancorp – 21% decline
Citigroup – $10 billion loss

This is not pretty