Show Me the Money

Last week the Federal Reserve approved a proposal that will require all 7,307 U.S. banks to comply with international capital standards known as Basel III. This comes at a terrible time for small banks. They have seen their share of industry assets fall from 31% in 1992 to 10% today according to FDIC data.  Being forced into the more restrictive Basel III requirements will force even more small banks out of business in the United States.