By Tim Melvin
In his 2010 book, Bye Bye Banks, 50-year industry veteran Robert H. Smith outlines the obstacles and issues facing the bank industry today.
Smith points out that it is the small banks that are disappearing from the financial landscape either via failure or merger, and sees a long list of obstacles. These obstacles include the Federal government, which sees banks “as their vehicle to engineer society, thereby satisfying their political and social expectations.” Smith addresses the competitive and regulatory environment that is practically forces banks to see merger partners and become larger.
It is eye opening to see everything laid out on one place. Continue reading "How To Spot The Opportunity In The Problems For Small Banks"