Compliance

10:06 AM
Reuters
Reuters
News
Connect Directly
RSS
E-Mail
50%
50%

Bernanke: U.S. Banking System Healthier After Crisis

Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. banking system has made substantial progress toward becoming healthier since the financial crisis but noted there still were problem lending areas.

Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. banking system has made substantial progress toward becoming healthier since the financial crisis but noted there still were problem lending areas.

"Conditions in the banking system -- and the financial sector more broadly -- have improved significantly in the past few years," he told a banking conference in Chicago.

Speaking by teleconference from Washington, he noted that the capital and liquidity position of banks have been strengthened but said home mortgage lending continues to be very tight. (Reporting By Glenn Somerville; Editing by Chizu Nomiyama)

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Dec. 2, 2014
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.