WASHINGTON Bankers often blame regulatory severity for the recent freeze in new bank charters. But the Federal Deposit Insurance Corp. says it is to trying to grant an opening.
The agency's recent document clarifying chartering policy for bank organizers and investors is triggering hope that applications will start to rise. Among other things, the document spells out a three-year requirement for new banks to hold capital above industry norms, which contrasts with a belief inside the industry that the FDIC has been ordering a longer period of heightened capital.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access