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Can the Financial System Support Growth?

University of Maryland Smith School of Business
Life Sciences Conference Center
801 W. Baltimore Street
Baltimore  Maryland  21201
United States
8:00am to 10:00am

Albert “Pete” Kyle, Smith Chair Professor of Finance at the University of Maryland’s Robert H. Smith School of Business.

A key ingredient in economic recovery is a strong banking system that is able to make loans to businesses and consumers to support job creation and business expansion. The financial crisis eroded the market capitalization of companies like Citigroup and Bank of America. The banking systems suffers from a legacy portfolio consisting of real estate loans, both commercial and residential, as well as credit card debt from consumers, all of which will lead to necessary write-downs. Kyle considers whether the current regulatory infrastructure and capitalization of the finance industry is capable of supporting economic growth.