Current weather

  • Overcast
  • 59°
  • Comment

Too many banks in Germany?

Posted: October 24, 2012 - 8:46am

Moody investor service warns of weakening of Germany’s banks. According to an article in the New York Times (October 19), Moody believes Germany has too many banks. They are quoted as saying “Intense competition and low interest rates are causing margin pressure that will likely further erode already-weak bank revenue and profits.”

I wonder why Germany’s economy is the strongest in Europe. I thought competition was good in Free Market Capitalism. Perhaps Germany should follow the lead of the USA. The heck with competition, let the banks get so big they become “too big to fail.” It may not be good for the economy, but it is good for the banks in the USA Crony Capitalism. What’s good for the mega-bank corporations is good for profit making. What about the working people?

  • Comment

Comments (1) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
Back to Top


Please Note: You may have disabled JavaScript and/or CSS. Although this news content will be accessible, certain functionality is unavailable.

Skip to News

« back

next »

  • title
  • title
  • title
My Gallery


  • 150 Trading Bay Rd, Kenai, AK 99611
  • Switchboard: 907-283-7551
  • Circulation and Delivery: 907-283-3584
  • Newsroom Fax: 907-283-3299
  • Business Fax: 907-283-3299
  • Accounts Receivable: 907-335-1257
  • View the Staff Directory
  • or Send feedback