Fed's Olson calls for Gulf region creativity

Federal Reserve Board Governor Mark Olson said on Thursday 2 March that banks in the storm-hit Gulf Coast region are going to have to come up with creative solutions in the effort to rebuild operations.

"There are few industries in America where people who are competitors, or potentially competitors, or in the same business, can be able to share opportunities, share ideas. And the banking industry is going to need that," Olson told a conference for financial services outfits in the Gulf Coast