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
The Dow Jones Industrial Average surpassed 40,000 points on Thursday for the first time ever, signaling...
US workers at John Deere plants have accused the company of acting on “greed” as America’s...
US corporations and their supporters in Washington are pushing aggressively to roll back tax policies they...
