Time to stick a fork in the big banks?

``The fundamentals for the banking sector remain lousy... revenues for financials (which also includes insurers) are expected to be up just 3.8% in the second quarter. Of the market's 10 sectors, that's the one with the lowest growth rate. But financials are expected to have the third-highest earnings growth rate in the second quarter. That implies that banks are relying on cost-cutting, and not actual demand, to juice profits.'' -- Like cutting back illicitly on their loan-loss reserves?