Looser Capital Rules Will See ‘Big Four’ Crush Community Banks, Warns Fintech CEO
July 3 2025
Under planned changes to hold large US banks to looser capital rules, the ‘Big Four’ – JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo – could soon “crush” community banks into extinction, warns Adam Turmakhan, CEO of TurmaFinTech.