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Changes in the U.S. banking Sector architectureas a Result of 2008-2009 Crisis
https://doi.org/10.32609/0042-8736-2014-5-84-96
Abstract
The financial crisis in the USA has led to major changes in the banking sector architecture. Many financial institutions went bankrupt and were absorbed by competitors, while others were compelled to change their business models. That has resulted in consolidation of the banking sector. Significant developments were also imposed by B. Obama’s financial regulation reform and unprecedented interference of the federal government in banking business.
About the Author
P. Zakharov
Russian Institute for Strategic Studies (Moscow, Russia)
Russian Federation
Russian Federation
References
1. Roubini M., Mihm S. (2011). Crisis Economics: A Crash Course in the Future of Finance. Moscow: Eksmo.
2. Bhatia A. V. (2011). Consolidated Regulation and Supervision in the United States // IMF Working Paper. No WP/11/23.
3. Kwan S. (1998). Bank Charters vs. Thrift Charters // FRBSF Economic Letter. April 24.
4. Schapiro M. L. (chairman) (2010). Testimony Concerning the Lehman Brothers Examiner’s Report / U.S. Securities and Exchange Commission. April 20.
Review
For citations:
Zakharov P. Changes in the U.S. banking Sector architectureas a Result of 2008-2009 Crisis. Voprosy Ekonomiki. 2014;(5):84-96. (In Russ.) https://doi.org/10.32609/0042-8736-2014-5-84-96
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