Greenspan on Banking

In a speech on 'Banking' given on 17 March, Alan Greenspan of the Federal Reserve said US banks are strong and profitable, with "favourable" asset quality, and able to provide financing for a growing economy.

"The weakness in credit quality that accompanied the recent recession has clearly been mild, and the system remains strong and well positioned to meet customer needs for credit and other financial services," Greenspan told the Community Bankers Convention in San Diego via satellite. "The

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