Forget Too Big to Fail: Some Banks Now Too Small to Succeed
While too-big-to-fail banks are getting even bigger thanks to help from Uncle Sam, smaller community bankers are finding it more difficult to survive, in part because they allocate more of their limited resources to meeting the new regulations stemming from the global financial crisis. Now almost too small to succeed, these community banks say they are facing increased pressure to sell out to their larger brethren. At the end of 2007, at the onset of the financial crisis, the government insured 8,534 commercial banks and savings institutions -- down 52 percent from 1984 -- and as of Tuesday that number was down to 6,926, a 19 percent drop since the crisis began.
From "Forget Too Big to Fail: Some Banks Now Too Small to Succeed"
Los Angeles Times (09/17/13) Reckard, E. Scott
No comments:
Post a Comment