Analysts Predict Demise of the U.S. Thrift Industry
June 15, 2012
Is the end near for thrifts? Analysts at Keefe, Bruyette & Woods seem to think so. This weeks announcement by federal banking regulators of three proposed rules that would revise capital requirements may be the death blow to thrifts as we know them, said KBW equity analysts Frederick Cannon, Brian Kleinhanzl and Matthew Dinneen. The analysts contended that regulatory changes following the financial crisis and the announcement of new capital requirements have ended the viability of the thrift industry. Issued jointly by the Federal Reserve Board, the Federal Deposit Insurance Corp. and the Office of the...