Too big to fail is not a new phenomenon; however, in recent months it has begun to pick up steam and momentum. There are countless news stories from major United States and international publications condoning the behavior of megabanks and too-big-to-fail financial institutions. Economists from around the world have opinions on whether or not to break up too-big-to-fail groups and once and for all end too-big-to-fail.
If you are a member of the media who would like to speak with a community bank expert for a too-big-to-fail story, please reach out to Aleis Stokes at 202-821-4457.
2014 Press Releases
ICBA Statement on IMF Study Estimating Too-Big-To-Fail Subsidy at $70 Billion in U.S., $300 Billion in Europe
Independent Community Bankers of America® (ICBA) President and CEO Camden R. Fine released this statement on an International Monetary Fund report that found that the too-big-to-fail financial institutions received taxpayer-funded subsidies of up to $70 billion annually in the United States and $300 billion in the euro area in 2012.
New York Fed Research Shows Too-Big-To-Fail Funding Advantage
The Independent Community Bankers of America® (ICBA) released this statement on Federal Reserve Bank of New York reports released today showing that the nation’s largest banks enjoy a cost advantage because they are considered too big to fail.