Whenever financial mergers take place, branches are usually eliminated to cut can cost you and you will restriction market duplicity
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Whenever financial mergers take place, branches are usually eliminated to cut can cost you and you will restriction market duplicity
Immergluck and you may Smith plus advise that, whether or not transform in order to CRA try adopted, lender government, financial development authorities, and you will area development therapists ought to be aware of the ramifications -one to alterations in new monetary world apply at revitalization and stabilizing during the the most insecure organizations
Immergluck loans in Towaoc and you may Smith’s study of five midwestern metropolises (Chi town, Des Moines, Detroit, Indianapolis, and you can Milwaukee) shows a shorter positive image. read more