Dood-Frank Hurts Small Banks

Washington Post, February 28, 2013 by Timothy Carney I’m not saying the Big Banks love the 2010 Dodd-Frank financial regulation bill. I’m saying they can live with it — and that their smaller competitors cannot. Thus, the law will cause more consolidation in the financial sector, possibly leading to more instability. This is part of what JP Morgan chief Jamie Dimon...

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Loan Activity – Case Study in Cincinnati

Greater Cincinnati banks’ loans are on the rise, but not all borrowers are created equal writes Steve Watkins of the Business Courier. Plenty of potential borrowers complain that banks aren’t lending when in reality the borrowers’ credit history leaves a little something to be desired. Industry sectors make a big difference, too, at least when it comes to demand....

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Big Banks Getting Bigger

Phoenix Business Journal – by Michael Sunnucks One of the admonitions after the 2008 Wall Street collapse and $700 billion bailout was that big banks cannot achieve “too big to fail” status. “Never again will the American taxpayer be held hostage by a bank that is ‘too big to fail’,” said President Barack Obama in a January 2010 speech. Ironically, it...

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The Death of the Small Bank in the US?

Chris Mayer at The Daily Reckoning wrote a compelling article on February 28th about small banks: The US government is going to kill the small banking industry in the US. The  irony is hard to miss. It was not the small banks that threatened the financial  system in the crisis of 2008. Yet they will bear the brunt of the regulatory  costs imposed in its wake. The end...

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Geithner’s Parting Words on the Economy

From MoneyNews Outgoing Treasury Secretary Timothy Geithner thinks the U.S. economy will strengthen this year — as long as Congress avoids cutting spending too deeply in a budget deal and Europe’s economy gradually improves. In an interview on his last day in office, Geithner told The Associated Press, “The economy is stronger than people...

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Fed Enters Unchartered Territory as Assets Hit $3 Trillion

From NewsMax – MoneyNews Federal Reserve Chairman Ben Bernanke’s unprecedented bond buying pushed the Fed’s balance sheet to a record $3 trillion as he shows no sign of softening his effort to bring down 7.8 percent unemployment. The Fed is purchasing $85 billion of securities every month, using the full force of its balance sheet to stoke the economic recovery....

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