Banks in the US made more than US$60 billion in the second quarter of this financial year, up more than 25 percent on the previous year and setting a record, reports AP. The banks have benefited from increased interest rates and also from the substantial lift they received from the Trump administration's lowering of corporate income tax rates. The Nordic region's largest bank, Nordea, has been given permission to move its headquarters to Helsinki from Stockholm, bringing it into the European banking union. AP reports the move is planned for October 1.