De Novo Bank Boom Hindered by Elevated Capital Requirements
James Stevens, the co-leader of Troutman Pepper's Financial Services Industry Group, was quoted in the September 8, 2022 S&P Global Market Intelligence article, " De Novo Bank Boom Hindered by Elevated Capital Requirements."
What's changed is that stuff costs more. It costs a lot to maintain it and keep up with the trends, so I think that what we've seen is that there's more capital that people are required [to raise] to form banks, but it's not necessarily because of the regulators, it's because it costs more.