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)
- The Problem With Mutual Funds Today - July 19, 2018
- Your Retirement Life: 1972 DeTomaso Pantera, A Coyote in Wolf’s Clothing - July 18, 2018
- Cryptocosm and Life After Google - July 18, 2018