FDIC Chief Says Biggest Banks Must Increase Lending, or Recovery Will Stall

The biggest banks in the United States should suffer under the glare of the public spotlight if they do not increase lending to businesses and consumers, a key U.S. banking regulator said Monday. "A light needs to be shined on this and explanations need to be made where credit is not being provided," Federal Deposit Insurance Corp. chief Sheila Bair said at an economists' conference just outside Washington, D.C. U.S. banks last year registered their steepest decline in lending in the last 67...Full Story
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