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.
Latest posts by E.J. Smith (see all)
- A Risky Addition to an Otherwise Decent Dodd-Frank Reform: Part II - May 25, 2018
- A Risky Addition to an Otherwise Decent Dodd-Frank Reform - May 24, 2018
- A Warning for the Global Economy - May 23, 2018