The U.S. government's $160 billion handout to banks from Niagara Falls to Beverly Hills is going mostly to lenders that need it least, putting weaker rivals at risk of being shut down or taken over, analysts say.
``This has the unintended effect of making the strong stronger and the weak weaker,'' said Gray Medlin, founder of Carson Medlin Co., a Raleigh, North Carolina, investment bank focused on banking deals. ``Banks that are getting bad exams and are under intense pressure from regulators won't be successful in applying.''
U.S. Treasury Program Shuns Banks That Need Cash Most
As the U.S. Securities and Exchange Commission seeks to become a more formidable force in the...
Staples Inc (SPLS.O), the largest U.S. office supplies retailer, forecast another quarter of sales decline...
After reporting dismal fourth-quarter earnings, Radio Shack said Tuesday that it would close about 1,100 poorly...
