While most of the huge banks which got taxpayer bailouts last year have paid back their TARP loans, hundreds of community banks haven’t. Robert Bench, a former deputy Comptroller of the Currency and now a senior fellow at BU Law’s Morin Center for Banking and Financial Law, says it’s no surprise. Too many real estate development and commercial real estate loans and inability to raise capital, he says.
“The ‘Volcker Rule’ seeks to redirect the largest banks back to serving the broader financial needs of America. Perhaps we also need new rules for more diversification of loan portfolios at community financial institutions.”
Contact Robert Bench, 617-353-5428, email@example.com