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Price of business speed and bank failures in America
Dr. Harold Ston ter, national educational director of the American Bankers Association, argued that bank failures follow business failures rather than cause them. He noted the United States has more banks over 100 years old and over 40 years old than any other country, and that rapid business development has priced some failures, reflecting the American spirit.
MENTIONED IN THIS ARTICLE
Chicago
Harold Stonter
American Bankers Association
American Institute of Banking