Big U.S. banks have benefited by at least $15B-$23B from perceived government support after...

|By:, SA News Editor

Big U.S. banks have benefited by at least $15B-$23B from perceived government support after being labeled “too big to fail," enjoying lower borrowing costs and operating with less capital than other lenders, according to a Philly Fed study. “They’ve gotten this protection and they’re not paying a fair price for it,” says Julapa Jagtiani, the study's co-author.