Karnit Flug: Strengths and challenges facing the Israeli economy Main points of remarks by Dr Karnit Flug, Governor of the Bank of Israel, at the Jerusalem Ultra-Orthodox Campus of Ono Academic College, Jerusalem, 1 December 2014.
I believe the flexibility and dynamism of our banking system contributes to the financial soundness and performance of U.S. banks. The banking industry continues to be strong and profitable despite a tepid economy and corporate governance issues. After a record year in 2002, insured commercial banks in the United States earned $ billion in the first quarter of 2003 - a quarterly record.