Local concentration may be less important than institutional tendencies toward interest-rate convergence.
Regulators looking for an early warning of a bank’s financial stress should monitor one simple metric: how far away it is from its borrowers.
Research finds positive outcomes from a recent banking reform, including for banks that were already healthy.
Banks are significantly more likely to restate their financials, and report lower income, when they face a stricter state regulator.
Locavores argue that shopping in neighborhood stores boosts the local economy, and buying veggies from the farm just out of town reduces your carbon footprint. Now research suggests local is also better when it comes to banking.