SunTrust's Wells sees improvement in outlook for banks

08/25/2009 | Atlanta Journal-Constitution, The

SunTrust Chairman and CEO James M. Wells III expects ongoing struggles for banks, but he said the worst of the financial crisis might be over for the sector. "As an industry, we've moved from facing a potentially cataclysmic scenario to one that is merely very, very difficult," he said. "That's an improvement."

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