Implications: Think about this. When you see a headline that indicates, “15 of 19 banks are solid,” I can’t be the only person who’s first thought is: Who flunked? Who’s in trouble? Who are the four kids that had to stay after school?!
Stories like this remind us that, just a few years ago, we were hearing many institutions described as, “too big to fail.” And it might represent an opportunity for smaller, more local/regional institutions to present a more human side to the financial industry.