How State Banks Bring the Money Home

Date: 15 Sep 2011 | posted in: Banking | 1 Facebooktwitterredditmail

One of the most significant consequences of the consolidation of banking over the last decade is how much it has hindered the economy’s ability to create jobs. There’s no single solution to this problem, but one of the most promising strategies involves creating state-owned banks that can bolster the lending capacity of local banks, helping them grow and multiply.… Read More

Why Small Banks Make More Small Business Loans

Date: 10 Feb 2010 | posted in: Banking, Retail | 5 Facebooktwitterredditmail

Although small and mid-sized banks control only 22 percent of all bank assets, they account for 54 percent of small business lending. Big banks, meanwhile, allocate relatively little of their resources to small businesses. The largest 20 banks, which now command 57 percent of all bank assets, devote only 18 percent of their commercial loan portfolios to small business. … Read More

Cal. City Uses Reserve Funds to Spur Local Business Development

Date: 4 Oct 2005 | posted in: Banking, Retail | 0 Facebooktwitterredditmail

In an effort to create more capital for local business loans and community development, the city of Santa Cruz, California, has shifted nearly $600,000 in city funds from U.S. treasuries and other securities to two locally owned financial institutions. Santa Cruz City Councilor Ryan Coonerty proposed the idea, which he says will bolster the local economy by keeping the city’s financial resources working locally. … Read More

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