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Alex Sanchez
Photo: Florida Bankers Association
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by Michelle Murillo and Rozzie Franco
TALLAHASSEE, FLA. -- Doubts and worries about the stability of the nation's biggest banks are still looming heavily over the heads of Wall Street investors.
While investors continue to be on high alert, Florida Bankers Association President & CEO Alex Sanchez said so are the banks. He said they are in fear of violating bank regulations by lending and are taking a wait and see approach to lending, waiting for a time when it seems safe to go back to how things used to be.
Investors said they are hoping the upcoming government reports will reveal which banks may need more bailout money to stay afloat.
Despite the government's efforts to use billions of dollars for the financial sector, concerns over the stability of the nation's banks continues.
And there is more to the problem than just bailout money. Sanchez said even with the bailout money already received by the banks, it's still not enough for them to ease highly enforced lending standards. Sanchez said a lot of banks can't lend due to the stricter regulations put on the banks since the housing market's downturn.
According to The Wall Street Journal, the total dollar amount of new loans has been on a rapid decline.
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Listen to: Florida Banking Association President Alex Sanchez | Alex Sanchez | Alex Sanchez
