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Rule filed under Banking | Written by admin | No Comments | Updated on May 18, 2012

Market Share Cap — SAFE Banking Act (Proposed)

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/rule/market-share-caps/market-share-cap-safe-banking-act/

Introduced by Senator Sherrod Brown on May 9, 2012, the following bill would place size and leverage limits on big banks, forcing the largest four banks in the country to downsize. Continue reading

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Featured Resource filed under Banking | Written by Stacy Mitchell | 1 Comment | Updated on May 18, 2012

Distribution of Bank Assets by Size of Institution, 2011 vs. 2007

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/distribution-bank-assets-size-institution-2011-vs-2007/

More than three years after their reckless greed triggered the Great Recession, the nation’s biggest banks have paid almost no penalty and are bigger than ever, as these two graphs illustrate. Continue reading

Rule filed under Banking | Written by admin | No Comments | Updated on May 17, 2012

Market Share Caps

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/rule/market-share-caps/

In 1994, Congress adopted a policy that bars a bank from buying another bank if the combined entity would hold more than 10 percent of the country’s deposits, but the policy has several flaws that have allowed at least two banks to exceed the cap. Continue reading

Rule filed under Banking, The Public Good | Written by Stacy Mitchell | 2 Comments | Updated on Oct 26, 2010

Glass-Steagall Act & the Volcker Rule

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/rule/glass-steagall-act-the-volcker-rule/

The Glass-Steagall Act created federal deposit insurance and erected a strict barrier between commercial and investment banking activities. It was repealed in 1999. In the aftermath of the financial crisis, many people, including prominent economists, policymakers, and even bankers, have called for restoring Glass-Steagall. The Volcker Rule, a provision in the Dodd-Frank financial reform bill, imposed some limits on the mixing of commercial and investment banking activities, but not the firm wall that Glass-Steagall had provided. Continue reading

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Featured Article filed under Banking | Written by Stacy Mitchell | No Comments | Updated on Jul 14, 2010

Taking Financial Reform into Our Own Hands

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/taking-financial-reform-our-own-hands/

How do we change course and revive a banking system that is more local and responsive to the needs of communities? Continue reading

Article filed under Banking | Written by Stacy Mitchell | No Comments | Updated on Mar 24, 2010

Finally, a Bill to Reinstate Limits on Bank Size

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/finally-bill-reinstate-limits-bank-size/

Not one to let a good crisis go to waste, Bank of America managed, in the dark days of 2008, to parlay its own insolvency and near collapse into attaining something it had long dreamed of: federal approval to bypass a national law that says that no bank may acquire another bank if it would end up holding more than 10 percent of the country’s deposits.

Now, at long last, a new Senate proposal calls for reinstating strict size caps.  It would mean disassembling at least five big banks.

Continue reading

Rule filed under Banking | Written by admin | No Comments | Updated on Mar 24, 2010

Market Share Cap — State Deposit Caps

The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/rule/market-share-caps/2974-2/

Federal law prohibits banks from amassing, through mergers and acquisitions, more than 30 percent of the deposits in any one state.  The law also gives each state the authority to raise or lower its own cap, or to abolish it altogether. Here we list the cap adopted by each state. Continue reading