Finance companies, bank competition, and niche markets
AbstractDuring the 1980s, U.S. commercial banks faced increased competition in their lending activity from large finance companies. This article analyzes the differential performance of banks and finance companies in various segments of the consumer and business credit markets. In particular, it explores why banks were seemingly slow to take advantage of opportunities in fast-growing finance company niche markets.
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Bibliographic InfoArticle provided by Federal Reserve Bank of New York in its journal Quarterly Review.
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