In the wake of the Silicon Valley Bank debacle, the 1984 failure of Continental Illinois remains relevant.
Some have been moving money to “too big to fail” banks. Others are sticking with community institutions.
The aircraft maker is also a space and defense company, “a huge provider of government services,” one expert says.
There was a time when most banks were small. They liked it that way. Today, just six banks manage more than half the assets in the entire U.S. banking industry.
The President of the Federal Reserve Bank of Minneapolis says he has a plan to drastically reduce the chances of another bailout of big banks.
Trump vows to dismantle Dodd-Frank.
While global headwinds cut profits, regulation has created more stable institutions
Feds and financial institutions still negotiating the rules on regulation
Among them: capping rates, taxing speculation and letting post offices do basic banking.
But that's not necessarily bad news for the economy—or even for the banks.
