Regulation in the Banking Business and Its Effects

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Issue:

Business

 

Written by:

Ruth S

 

Date added:

April 11, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1530

 

Was viewed:

3669 times

 

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Essay content:

Cushman, p. 133). In the United States, banks are regulated through a dual banking system; they are governed at both the state and federal level. This was designed to give the states significant control over banks, and also to ensure that banks would be treated fairly as they expanded their operations across state lines...
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This was designed to give the states significant control over banks, and also to ensure that banks would be treated fairly as they expanded their operations across state lines. Regulatory agencies are responsible for gathering and evaluating the information necessary to assess the true financial condition of banks to protect the public against loss due to mismanagement, embezzlement or fraud through periodic examinations and/or audits...
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