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Richmond Fed's Broaddus on competition in banking

In the speech 'Competition in Banking: Achieving the Right Balance' given on 6 May J. Alfred Broaddus of the Federal Reserve Bank of Richmond said policy-makers need to change perceptions that large banks will be bailed out if they get into financial difficulties.

"Most banking analysts would agree that depositors and creditors of the largest banks are more likely to be protected in the event of financial troubles than their counterparts in small banks," Broaddus told a Chicago Fed banking

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