Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, gave the opening remarks at the 2014 Financial Markets Conference of the Federal Reserve Bank of Atlanta.
One of the major items that Ms. Yellen discussed was higher capital requirements for commercial banks, especially for the largest banks in the country, higher than even those required by Basel III. The way the momentum is going, it is my belief that commercial banks, especially the largest commercial banks will find themselves facing new capital rules, and, Yellen suggested, even some non-bank financial organizations should face some kind of restriction.
The banking industry is going to be restructured. And, the basic reasoning for the restructuring is the government. The government is attempting to find how it can make the banking system safer and still get from it what the government wants.
When I was learning about the banking
The first signs are there that bank lending is rising again, a shift that could bode well for the economy in general. We think it could also be beneficial for community banks in the United States. More than five years after the financial crisis appeared and banks began booking massive losses, they are approving more loans to businesses that are seeking to grow.
Some evidence is already occurring, including:
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