U.S. banks are in much better shape than they were years ago, EY Global Chairman and CEO Mark Weinberger said Wednesday.
“Bottom line is they’ve got to get back into the business of lending, the business of going ahead and creating capital, and hopefully this will be turning the corner,” he said in an interview with CNBC’s “Closing Bell” from the Aspen Ideas Festival.
The Federal Reserve released the results of its latest stress test Wednesday, with only three objections out of the 33 institutions tested.
