Camden Fine, CEO of the Independent Community Bankers of America, said the 1,200 to 1,500 community banks that deal directly with agriculture could be the next to struggle, due to inflated commodities and farmland prices. Read More
In the global quest for revenue and funding, three new entrants are making a splash. The European Bank for Reconstruction and Development (EBRD) has appealed for a 50% capital increase to mitigate the impact of the global economic crisis on central and eastern Europe according to reports. Read More
The list of failed bank continues to grow as the FDIC’s troubled bank list currently stands at 416 troubled banks. Wilbur Ross, chairman and CEO of WL Ross & Co. explained that he expects to see further trouble ahead for banks. Read More
Despite falling 20% in just two weeks the Shanghai index is still up more than 50% so far this year. With the huge swings in China, how should you play stocks here at home? Read More
Big U.S. banks are “definitely out of the woods,” but smaller community banks are still facing difficulty, said Dick Bove, financial strategist of Rochdale Securities. Read More
Posted By:William Dunkelberg, Economics Professor, Temple UniversityCNBC Guest Blog
Mega institutions (financial institutions and insurance companies come to mind) that become TOO BIG TO MANAGE are likely to become TOO BIG TO FAIL, writes William Dunkelberg, Economics Professor at Temple University. Read More