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Fed's Powell: Bank consolidation weighing on rural communities


Reuters
Federal Reserve
Mississippi Valley State University
CRA
Andrea RicciAll
All Rights Reserved


Jerome Powell
Howard Schneider

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the Mississippi Delta

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   Negativity   58.00%
The New York Times
SOURCE: http://feeds.reuters.com/~r/reuters/topNews/~3/yTD23uUftmg/feds-powell-bank-consolidation-weighing-on-rural-communities-idUSKCN1Q1202
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Summary

3 Min ReadITTA BENA, Miss (Reuters) - Decades of bank industry consolidation have weighed on the economies of rural areas as branches and local community banks disappeared and access to financial services declined, Federal Reserve Chairman Jerome Powell said on Tuesday, citing meetings of Fed staff held last year in communities where banks had closed.

As said here by Howard Schneider