US banks 'quite healthy' - Fed's Greenspan

US - Consumers and home owners helped the US banking system absorb bad business loans and remain 'quite healthy,' Federal Reserve chairman Alan Greenspan said.

The US financial system had suffered a surge in corporate bond defaults, business failures and investor losses, he told an American Bankers Association convention.

'At commercial banks, troubled loans - including charge-offs, classified loans and delinquent credits - have also climbed to quite high levels,' Greenspan said. 'At the same

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: