Market Currents
As the top banks cut assets to meet stricter capital requirements, smaller banks are picking up...
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Tuesday, June 26, 2012, 6:25 AM ETAs the top banks cut assets to meet stricter capital requirements, smaller banks are picking up the slack, Bloomberg data indicates. Lending by JPMorgan (JPM), BofA (BAC), Citigroup (C) and Wells Fargo (WFC) dropped 4.9% Y/Y to $3.04T in Q1, while loans at the 17 smallest firms in the KBW Bank Index (BKX) climbed 9.8% to $1.27T.
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