First year in decades without new US bank
O
Tags:
(Neanderthal, 2,064
Points)
on 3/5/12 at 12:44pm
There were no new banks created in the US in 2011, making it the first year in decades that the country has gone without the establishment of a single start-up lender.
The lack of new or de novo banks underscores the rapidly shifting business environment for US financials and changed attitudes towards the industry after the recent crisis.
http://www.ft.com/intl/cms/s/0/df4c2dd8-63af-11e1-...
Thoughts?





Legally created barriers to
Legally created barriers to entry have no longer made it attractive to start a bank in name. PayPayl, for example, is not a bank, even if it has many functions of one.
That, and the whole "financial market is in the toilet" thing.
Agreed. Too many barriers
Agreed. Too many barriers for entry.
"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan