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2013 Press Releases

2013

07/09/13
ICBA Strongly Supports Proposed Supplementary Leverage Ratio Capital Standards for Largest Megabanks

The Independent Community Bankers of America® (ICBA) said it strongly supports regulators’ proposed rule to implement enhanced supplementary leverage ratio capital standards on the largest and riskiest financial institutions. The proposal would significantly increase capital requirements on the too-big-to-fail financial institutions that pose the greatest risks to our financial system.

06/26/13
ICBA: Greatest Threat to Financial System is Too-Big-To-Fail

The Independent Community Bankers of America® (ICBA) today told Congress that the greatest ongoing threat to the safety and soundness of the U.S. financial system is the dominance of a small number of too-big-to-fail megabanks. In a statement for today’s House Financial Services Committee hearing on taxpayer-funded bailouts, ICBA wrote that a more diverse financial system would reduce risk and promote competition, innovation and the availability of credit to consumers and businesses.

05/22/13
ICBA Releases Report on Why Too-Big-To-Fail Must End

The Independent Community Bankers of America® (ICBA) today released “End Too-Big-To-Fail,” a report that examines the impact of too-big-to-fail financial institutions on the U.S. economy and why too-big-to-fail must be brought to an end now. In the report, ICBA also highlights the Terminating Bailouts for Taxpayer Fairness Act of 2013 (TBTF Act, S. 798), introduced by Sens. Sherrod Brown (D-Ohio) and David Vitter (R-La.), as a valid solution to curb the too-big-to-fail epidemic.

04/24/13
ICBA Lauds Brown-Vitter Legislation Taking on Too-Big-To-Fail

The Independent Community Bankers of America® (ICBA) today expressed its support for new legislation introduced by Sens. Sherrod Brown (D-Ohio) and David Vitter (R-La.) that would help eliminate the threats posed by too-big-to-fail financial institutions.

03/21/13
ICBA: Survey Shows Americans Want Washington to Address Too-Big-To-Fail Problem

Independent Community Bankers of America® (ICBA) Chairman Bill Loving, president and CEO of Pendleton Community Bank in Franklin, W.Va., released this statement following the release of a Rasmussen Reports survey that found that half of all U.S. adults favor breaking up the nation’s largest banks. According to the survey, 50 percent of U.S. adults said they favor a plan to break up the 12 largest megabanks, which control 69 percent of the banking industry.

03/18/13
ICBA: Evidence Mounting against Too-Big-To-Fail

The Independent Community Bankers of America® (ICBA) said that there is mounting evidence that too-big-to-fail financial institutions pose risks to the financial system, enjoy a taxpayer-funded funding advantage over smaller institutions and receive favorable treatment from regulators. To address these and other problems posed by the largest and riskiest financial firms, ICBA believes they should be downsized and split up.

03/15/13
ICBA: Senate Report Shows Continued Threat of Too-Big-To Fail

Bill Loving, chairman of the Independent Community Bankers of America® (ICBA) and president and CEO of Pendleton Community Bank in Franklin, W.Va., and Camden R. Fine, president and CEO of ICBA, issued this statement following the Senate Permanent Subcommittee on Investigations report that JPMorgan Chase used federally insured deposits for high-risk trades that resulted in hundreds of millions of dollars in losses it hid from regulators and taxpayers.

03/14/13
Ending Too-Big-To-Fail

The greatest threat to the safety and soundness of our financial system today is the ongoing and increasing dominance of too-big-to-fail institutions. Today, the four largest banking companies control more than 40 percent of the nation’s deposits and more than 50 percent of the assets held by U.S. banks. The largest banks have grown larger since the financial crisis of 2008

03/12/13
ICBA Backs Call for Clarity on Holder’s Too-Big-To-Jail Comments

Camden R. Fine, president and CEO of the Independent Community Bankers of America® (ICBA), released this statement following the release of a letter from Sens. Mark Warner (D-Va.) and Bob Corker (R-Tenn.) seeking clarification from U.S. Attorney General Eric Holder of his statement that the size of too-big-to-fail financial firms inhibits Justice Department prosecutions on Wall Street.

03/07/13
ICBA: Holder Testimony Confirms Too-Big-to-Jail Problem

Camden R. Fine, president and CEO of the Independent Community Bankers of America® (ICBA), released this statement following testimony from U.S. Attorney General Eric Holder that the size of too-big-to-fail financial firms inhibits Justice Department prosecutions on Wall Street. Holder was testifying before the Senate Judiciary Committee.

01/17/13
ICBA Backs Dallas Fed Plan to Restructure Too-Big-To-Fail Firms

The Independent Community Bankers of America ® (ICBA) said it strongly supports Federal Reserve Bank of Dallas President and CEO Richard Fisher’s call to restructure too-big-to-fail financial institutions to reduce risks to the financial system.

01/24/13
Too Big to Jail?

Camden R. Fine, president and CEO of the Independent Community Bankers of America ® (ICBA), said that it’s high time to restore sanity and accountability in our financial system and that too-big-to-fail firms should be downsized and split up.

01/11/13
ICBA Backs GAO Study of Too-Big-To-Fail

The Independent Community Bankers of America ® (ICBA) thanked the Government Accountability Office (GAO) for agreeing to study potential market distortions caused by too-big-to-fail financial institutions. The study requested by Sens. David Vitter (R-La.) and Sherrod Brown (D-Ohio), would focus on financial institutions with more than $500 billion in consolidated assets.

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