Federal Reserve Board chairman Ben Bernanke Monday said that it will take time to make a full assessment of the government’s recent stress-testing of the nation’s largest banking companies, but cited initial “encouraging” signs.
In a keynote dinner address to the Atlanta Federal Reserve Bank’s annual financial conference, Bernanke said investors and the public should derive “considerable comfort” from the Supervisory Capital Assessment Program test results of 19 banking kingpins.
— Market News International
