The mismatch between the scale of banks and the needs of the real economy is hurting the recovery. Studies have found that regions where big banks are especially dominant end up with fewer small businesses and slower job growth over time than areas where small local banks are still vigorous.
The mismatch between the scale of banks and the needs of the real economy is hurting the recovery. Studies have found that regions where big banks are especially dominant end up with fewer small businesses and slower job growth over time than areas where small local banks are still vigorous.