2min chapter

Bloomberg Surveillance cover image

Bloomberg Surveillance: Jill Castilla on Regional Banks

Bloomberg Surveillance

CHAPTER

The Importance of Smaller Banks and the Need for Diversity in the Banking Sector

This chapter discusses the stress experienced by smaller banks and the assumption that they need to consolidate, presenting a different view on the need for over 4,000 banks in America. It emphasizes the diversity of deposits, low average deposit amounts, and the social capital provided by smaller banks in local communities through sponsorships and events.

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