American Banker
May 2, 2014
Are the nation’s biggest banks still receiving government subsidies six years after the crisis? Two recent studies by the Federal Reserve and the International Monetary Fund suggest that globally systemically important banks benefit from implicit subsidies because the market believes they will be bailed out in the event of a crisis. A separate study by Oliver Wyman, sponsored by The Clearing House Association, concluded that subsidies received by big banks are negligible. A long-awaited study on the matter from the Government Accountability Office is due out this summer…Read More