Showing posts with label de novo bank. Show all posts
Showing posts with label de novo bank. Show all posts

Sunday, March 4, 2012

First year without a new bank in decades - FT.com

Financial Times (the orange one) is reporting that last year was the first without a de novo bank since at least 1984.

I can certainly understand why nobody is opening banks - from what I read on teh IntarWebs, bankerz is leet eeeevil. Haven't you heard? All those Occupy folks were protesting - banks!!!!! So bankerz must be minions of Satan or something.

What we're finding is that political shenanigans have economic consequences. I'm sure there are solid economic reasons for no new banks, but there's also the pogrom being conducting against those evil "bankerz" one and all.