4/19/2013

Mary Miller, undersecretary for domestic finance at the Treasury Department, said it isn't necessarily true that borrowing costs for big banks are lower than those of their smaller rivals. Miller was refuting arguments that major financial institutions are seen as being "too big to fail" and benefit from reduced borrowing costs. "In the wake of the financial crisis, the largest banks' borrowing costs have not only increased more than those of some regional bank competitors, but have also increased to higher absolute levels," Miller said.

Full Story:
Reuters

Related Summaries