Government red tape is minimal for those starting a business in this country compared with many other places around the globe. It is this relatively unfettered policy environment that allows our strong entrepreneurial spirit to flourish.
Klimentina Poposka, Mark D. Vaughan, Timothy J. Yeager
Banks that focus on traditional activities such as loan-making and deposit-taking are losing ground to those that offer new, complex services, such as securitizing consumer loans and brokering swap agreements for business customers. This shift in the industry has implications for bankers, bank supervisors and customers.
Are Internet banks in the Eighth District more profitable than those that don't offer online services? Is an urban bank more likely than a rural bank to conduct business with customers online? These and other possible connections are explored in an analysis of the operations of more than 800 banks in the District.
Keep up with what’s new and noteworthy at the St. Louis Fed. Sign up now to have this free monthly e-newsletter emailed to you.