Interest rates hit 21.5%, a deep recession ensued with unemployment reaching 11%, the agricultural sector slid into depression, a bubble burst in the energy sector, the real estate industry collapsed, and third-world debt burdens nearly brought down the mega banks.
Some fear the mega-banks will use TARP funds to acquire better-run, local institutions.
Like other successful community bankers across the country, Bass believes that the mega-banks have been hopelessly tarred by TARP taxpayer funds.
Goldman currently pays a quarterly dividend of 50 cents per share, by far the highest of any of the six mega-banks.
The mega-banks that financed the fossil fuel era aren't well matched to the emerging clean energy economy, which is more decentralized.
Ironically, the attempt to shore up the mega-dinosaurs has revealed these mega-banks to be creatures of little brain and even less principle.
Now that they can charge more per transaction than the huge mega-banks, smaller institutions are using this advantage to offer free checking and rewards to lure customers from the handful of big banks that dominate the industry.
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Mr Sants said it was "no secret" that the FSA and the Bank of England had been arguing on the international Basel Committee and the Financial Stability Board for a bigger increase in the capital held by G-SIFIs or the mega-banks than was desired by regulators from other countries, such as France and Germany.
The company has around 3, 137 life planners in Japan and is expanding its bancassurance model to mega and regional banks, which currently encompasses over a hundred distributors across the country.
Japan is a mega model for state infrastructure banks.
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Yes, I hear you argue that that these alternative banks are not of mega-sized quality.
As General Motors moves down the road from bankruptcy court to what will likely be the second-largest IPO in history, investment banks drooled over the potential for mega fees from placing shares.
Mega-rich Russians have a large amount of their money parked in Cyprus banks.
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