President Obama urges reform of US financial system

By Ernest Rauthschild

The US president has said that the US economy is back from the brink, even as he called for more reform of the financial sector.

Barack Obama's comments come one year after the collapse of Lehman Brothers in the US triggered an economic crisis which rippled across the world.

Now Obama has criticised financial institutions for failing to act on their words. Al Jazeera's Nick Spicer reports.