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Tally of U.S. Banks Sinks to Record Low

Rocketman

Rocketman

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Small Lenders Are Having the Hardest Time With New Rules, Weak Economy and Low Interest Rates

The number of banking institutions in the U.S. has dwindled to its lowest level since at least the Great Depression, as a sluggish economy, stubbornly low interest rates and heightened regulation take their toll on the sector.

The number of federally insured institutions nationwide shrank to 6,891 in the third quarter after this summer falling below 7,000 for the first time since federal regulators began keeping track in 1934, according to the Federal Deposit Insurance Corp.

The decline in bank numbers, from a peak of more than 18,000, has come almost entirely in the form of exits by banks with less than $100 million in assets, with the bulk occurring between 1984 and 2011. More than 10,000 banks left the industry during that period as a result of mergers, consolidations or failures, FDIC data show. About 17% of the banks collapsed.

Tally of U.S. Banks Sinks to Record Low - WSJ.com

JUST LIKE FDR, OBAMA POLICIES ARE DESTROYING SMALL BUSINESSES!
 
Rocketman said:
Small Lenders Are Having the Hardest Time With New Rules, Weak Economy and Low Interest Rates

The number of banking institutions in the U.S. has dwindled to its lowest level since at least the Great Depression, as a sluggish economy, stubbornly low interest rates and heightened regulation take their toll on the sector.

The number of federally insured institutions nationwide shrank to 6,891 in the third quarter after this summer falling below 7,000 for the first time since federal regulators began keeping track in 1934, according to the Federal Deposit Insurance Corp.

The decline in bank numbers, from a peak of more than 18,000, has come almost entirely in the form of exits by banks with less than $100 million in assets, with the bulk occurring between 1984 and 2011. More than 10,000 banks left the industry during that period as a result of mergers, consolidations or failures, FDIC data show. About 17% of the banks collapsed.

Tally of U.S. Banks Sinks to Record Low - WSJ.com

JUST LIKE FDR, OBAMA POLICIES ARE DESTROYING SMALL BUSINESSES!
Click to expand...


We would have more banks if the banks that were too big to fail were broken up into smaller ones.
 
Rocketman said:
Small Lenders Are Having the Hardest Time With New Rules, Weak Economy and Low Interest Rates

The number of banking institutions in the U.S. has dwindled to its lowest level since at least the Great Depression, as a sluggish economy, stubbornly low interest rates and heightened regulation take their toll on the sector.

The number of federally insured institutions nationwide shrank to 6,891 in the third quarter after this summer falling below 7,000 for the first time since federal regulators began keeping track in 1934, according to the Federal Deposit Insurance Corp.

The decline in bank numbers, from a peak of more than 18,000, has come almost entirely in the form of exits by banks with less than $100 million in assets, with the bulk occurring between 1984 and 2011. More than 10,000 banks left the industry during that period as a result of mergers, consolidations or failures, FDIC data show. About 17% of the banks collapsed.

Tally of U.S. Banks Sinks to Record Low - WSJ.com

JUST LIKE FDR, OBAMA POLICIES ARE DESTROYING SMALL BUSINESSES!
Click to expand...

Or perhaps the banks that have closed were poorly run

But no, conservatives have to blame other people for their failures
 
Lord Tammerlain said:
Or perhaps the banks that have closed were poorly run

But no, conservatives have to blame other people for their failures
Click to expand...

Heavy regulations against small business is bad for the country, but progressives do not care about that as long as they feel protected
 
Rocketman said:
Heavy regulations against small business is bad for the country, but progressives do not care about that as long as they feel protected
Click to expand...


I guess you did not read the part that says it is a trend that has been occurring since 1984. with most being because of mergers, takeovers or failures
 
Lord Tammerlain said:
I guess you did not read the part that says it is a trend that has been occurring since 1984. with most being because of mergers, takeovers or failures
Click to expand...

I guess you forgot about FDR and his NRA legislation that SCOTUS had to shut down. I need them to step in again.
 
Rocketman said:
Small Lenders Are Having the Hardest Time With New Rules, Weak Economy and Low Interest Rates

The number of banking institutions in the U.S. has dwindled to its lowest level since at least the Great Depression, as a sluggish economy, stubbornly low interest rates and heightened regulation take their toll on the sector.

The number of federally insured institutions nationwide shrank to 6,891 in the third quarter after this summer falling below 7,000 for the first time since federal regulators began keeping track in 1934, according to the Federal Deposit Insurance Corp.

The decline in bank numbers, from a peak of more than 18,000, has come almost entirely in the form of exits by banks with less than $100 million in assets, with the bulk occurring between 1984 and 2011. More than 10,000 banks left the industry during that period as a result of mergers, consolidations or failures, FDIC data show. About 17% of the banks collapsed.

Tally of U.S. Banks Sinks to Record Low - WSJ.com

JUST LIKE FDR, OBAMA POLICIES ARE DESTROYING SMALL BUSINESSES!
Click to expand...

Man. I'm so glad that we had Frank-Dodd to end Too Big To Fail. That worked out great. :roll:
 
Lord Tammerlain said:
Or perhaps the banks that have closed were poorly run

But no, conservatives have to blame other people for their failures
Click to expand...
Sure, that's it. All of a sudden we have a spate of bank failures, to levels such as we've not seen since the '30's - and progressives blame it on them being "poorly run." Classic.
 
EdwinWillers said:
Sure, that's it. All of a sudden we have a spate of bank failures, to levels such as we've not seen since the '30's - and progressives blame it on them being "poorly run." Classic.
Click to expand...

Bank failures

How about mergers and takeovers. Or perhaps the financial crisis which happened in 2007?

6000+ banks are still operating, they seem to be well run, those that are not close down, that is the way of capitalism is it not. Is that not why conservatives said GM should not have been bailed out. Did not the US in the 20-50s have far more car companies then it does now. The ones that closed were taken over or closed because they could not compete, but by god it was Obama's fault
 
EdwinWillers said:
Sure, that's it. All of a sudden we have a spate of bank failures, to levels such as we've not seen since the '30's - and progressives blame it on them being "poorly run." Classic.
Click to expand...

"Once is happenstance. Twice is coincidence. Three times is enemy action." Ian Fleming
 
Rocketman said:
Heavy regulations against small business is bad for the country, but progressives do not care about that as long as they feel protected
Click to expand...

We wouldn't need anything but Ten Commandments, if even the right could muster up enough social morals for free and become better Angels on Earth who have no need for the Expense of Government.
 
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