FDIC Chair: Banks Need to Increase Lending

FDIC Chair: Banks Need to Increase Lending

In order for banks to fully recover from the financial crisis they need to start lending more and “get back to the basics of making loans,” Federal Deposit Insurance Corp. Chairman Sheila Bair said on Wednesday.

While banks have decreased their loan balances in the fourth quarter, “we are looking to the industry to take the next step, and begin to build their loan portfolios," Bair said.

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