Author Archives: James Chessen

Unsustainable Global Debt?

By James Chessen Debt can be a good thing, but too much of it can be a problem. The Great Recession is a prime example of borrowing by households well beyond the growth in income. In the seven years before 2007, household debt in the U.S. rose 40 percent (relative to GDP), supported by a 42 percent growth in financial ...

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The Welcome Sign Is Up for De Novos — But Is it Enough?

By James Chessen The FDIC put out the neon welcome sign to de novos in early April. In addition to cutting down the period of heightened supervision from seven to three years, the FDIC refreshed its answers to key questions and is developing a guide to the deposit insurance application process to increase transparency. This is clearly a priority for ...

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