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Too big to fail? Some banks are too small to survive

Monday, March 6, 2017 - 05:50

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Smaller banks say they're struggling with added labour costs after adding compliance staff, while big banks can spend millions to automate those decisions.

Washington

IF SOME American banks are too big to fail, others have begun to feel they're too small to succeed.

Just ask Joey Root, the president of First Liberty Bank in Oklahoma City with US$310 million in assets. Mr Root says small banks like his are being squeezed hard these

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