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When we're all done, things boil down to this: There are three types of banks.
- The first are those deemed too big to fail. These are technically referred to as the GSIBs (globally systemically important banks). In the US there are
More On Banks And Bank Failures
Summary
- Every banking crisis has triggered a wave of mergers.
- Every regulator in every jurisdiction is now keenly focused on the banks it oversees.
- All banks face tougher conditions, higher FDIC fees, and more lending scrutiny from regulators.
David Kotok (personal website: www.davidkotok.com, new book website, www.thefedandtheflu.com) co-founded Cumberland Advisors in 1973 and was its Chief Investment Officer from inception until December 2024. David’s articles and financial market commentaries have appeared in The New York Times, The Wall Street Journal, Barron’s, and other publications. He has been a contributor to Bloomberg TV and Bloomberg Radio, Yahoo Finance TV, and other media. He has authored or co-authored five books, including the newest one released in 2025, for details: www.thefedandtheflu.com . He holds a B.S. in economics from The Wharton School of the University of Pennsylvania, an M.S. in organizational dynamics from The School of Arts and Sciences at the University of Pennsylvania, and an M.A. in philosophy from the University of Pennsylvania.David was Program Chairman and a Director of the Global Interdependence Center (GIC), www.interdependence.org , whose mission is to encourage the expansion of global dialogue and free trade in order to improve cooperation and understanding among nation states, with the goal of reducing international conflicts and improving worldwide living standards. David chaired its Central Banking Series and organized a five-continent dialogue held in Cape Town, Hong Kong, Hanoi, Milan, Paris, Philadelphia, Prague, Rome, Santiago, Shanghai, Singapore, Tallinn, and Zambia (Livingstone). He has received the Global Citizen Award from GIC for his efforts. David is a member of the National Business Economics Issues Council (NBEIC), the National Association for Business Economics (NABE), has served on the Research Advisory Board of BCA Research and is currently on the advisory board of RiskBridge Advisors. He has also served as a Commissioner of the Delaware River Port Authority (DRPA) and on the Treasury Transition Teams for New Jersey Governors Kean and Whitman. Additionally, he has served as a board member of the New Jersey Economic Development Authority and as Chairman of the New Jersey Casino Reinvestment Development Authority.