Bank Profits Fell 6% Last Year as War, Inflation and Higher Rates Hurt Results
The $263 billion in total profit ranks as second-best on record, yet recession fears prompted a rise in loan-loss reserves.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Bank Profits Fell 6% Last Year as War, Inflation and Higher Rates Hurt Results

### Response: The $263 billion in total profit ranks as second-best on record, yet recession fears prompted a rise in loan-loss reserves.