Archive for June, 2013

Why Is the Number of Banks in the U.S. Shrinking?

Wednesday, June 12th, 2013

Today, we are seeing the number of banks in our country decline at an average rate of 6% per year. While the economic crisis certainly took a toll on the banking environment, regulation, compliance costs and minimum capital ratios are making it difficult for smaller banks to survive. In my most recent Bloomberg TV interview with  Mark Crumpton, I discuss the continued decline in the number of institutions, and what banks will have to do in order to survive.