Peek, Joe; Rosengren, Eric S. - Federal Reserve Bank of Boston - 1995
The recent relaxation of restrictions on interstate banking and branching, as well as the likely relaxation of Glass-Steagall … restrictions, should encourage significant consolidation in the banking industry. Larger lenders, diversified across regions and … products, will undoubtedly be less susceptible to adverse economic shocks that have buffeted the banking industry over the past …