TITLE

Fed: Bank Breakups Need Considering

PUB. DATE
January 2010
SOURCE
American Banker;1/6/2010, Vol. 175 Issue 3, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the breaking up of large banks in the U.S. An official of the U.S. Federal Reserve has stated that a method for breaking up banks that are too big to fail should be determined in order to avoid systemic risk posed to the U.S. economy. Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, suggests banks with $50 million or more of assets or $100 billion or more of assets be taken under management.
ACCESSION #
47409874

 

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