In 2009, the number of problem banks increased nearly 200%. Problem banks now hold $400 billion in bank assets. Most of these problem institutions are regional and community lenders. The same banks that dominate in small business and commercial real estate lending. A continued rise in problem banks is likely to hinder a recovery in these sectors of the economy.
Jeremy Jones, CFA, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Richard C. Young & Co., Ltd. was ranked #10 in CNBC's 2019 Financial Advisor Top 100. Jeremy is also a contributing editor of youngresearch.com.
Latest posts by Jeremy Jones, CFA (see all)
- Summers: A Woke Federal Reserve Won’t Save America from Inflation - October 15, 2021
- WHAT INDEPENDENCE? The Fed and Treasury Are Yin and Yang - October 14, 2021
- PANDEMIC PROFITS: Washington’s Windfall - October 13, 2021